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Re: How to find a spouse who wants financial independence

When appropriate, share your values and goals. See how the lady responds.

If you want to avoid potential spouses that have the wrong values, don't project an image that would attract the type of person you are not looking for.
by billern
Sat Feb 28, 2015 1:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 6
Views: 467

Re: Help! Ive been put on a performance improvement plan!

Trader Joe wrote:My advice is for you to immediately resign before you are terminated. It may already be too late.
His former employer will not disclose anything beyond title and dates of employment in either case due to potential liability. What benefit would he get by quitting now?
by billern
Thu Feb 26, 2015 1:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 7960

Re: Help! Ive been put on a performance improvement plan!

OP, this is also a good time to evaluate what you are doing and whether you want to continue down the same path. Do you like being in management? What about the industry you are in? The specific company? I would not consider quitting without something else lined up. It may be worth considering a mov...
by billern
Thu Feb 26, 2015 1:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 7960

Re: Tax Software: Access to Exclusive IRS Info?

The obvious problem is if instead of revising the forms and instructions the IRS just explains what it means on the list. We really should not have secret regulations. IRS forms, publications, FAQs, and most other correspondence is not primary authority. You cannot rely on any of it to support a ta...
by billern
Tue Feb 17, 2015 1:34 am
 
Forum: Personal Consumer Issues
Topic: Tax Software: Access to Exclusive IRS Info?
Replies: 13
Views: 759

Re: Tax Software: Access to Exclusive IRS Info?

Don't you want someone with knowledge about taxpayers behaviors and questions to proofread and comment on the first drafts of instructions written by IRS staffers and drafts of forms created by them? Or would you rather the IRS hires additional proofreaders from time to time? I guess we don't know ...
by billern
Tue Feb 17, 2015 12:52 am
 
Forum: Personal Consumer Issues
Topic: Tax Software: Access to Exclusive IRS Info?
Replies: 13
Views: 759

Re: Tax Software: Access to Exclusive IRS Info?

The tax software providers and the IRS should be working together to make a more seamless tax filing season. Unless you are wanting to write your own tax preparation software and feel excluded, you should be happy that they work together. It means the tax software is ready more quickly to generate t...
by billern
Tue Feb 17, 2015 12:45 am
 
Forum: Personal Consumer Issues
Topic: Tax Software: Access to Exclusive IRS Info?
Replies: 13
Views: 759

Re: Company's Profit Sharing Plan Mystery

OP, the profit sharing plan component is generally a pooled investmentaccount. That is why you don't get broker statements and the disclosures are not frequent. My experience has been that the employee deferral component is segregated. That account should have monthly statements. Ask your employer h...
by billern
Fri Feb 13, 2015 2:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Company's Profit Sharing Plan Mystery
Replies: 8
Views: 929

Re: Where to buy nice men's dress shirts?

You have to pay to play. I'm a big fan of Charles Tyrwhitt. IMO they are on par if not better then brooks brothers. I try to always get them on sale, usually 40ish + freight. They are made in Europe, so they usually take 1-2 weeks to receive. Me too. My only complaint is that CT has limited color/s...
by billern
Wed Feb 11, 2015 1:42 pm
 
Forum: Personal Consumer Issues
Topic: Where to buy nice men's dress shirts?
Replies: 84
Views: 6082

Re: Unhappy With Job Raise

I view myself as a high performer. I was promoted a little over a year ago and the pay raise was comically low. What I see as the result of the raise limits is a lack of incentive for employees to excel. Instead of cutting off my nose to spite my employer, I challenge myself every day to improve and...
by billern
Fri Feb 06, 2015 9:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unhappy With Job Raise
Replies: 78
Views: 7540

Re: Mistake on W2 question

I maxed out both 401k and HSA but W2 shows numbers hundreds of dollars below. Thinking they messed it up because we get payed for last week in Dec in January biweekly. Roughly how much is this mistake costing me? Wages are taxable when paid. A payment made in January of 2015 would not be on a 2014 ...
by billern
Sat Jan 31, 2015 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mistake on W2 question
Replies: 17
Views: 972

Re: Why do brokerages give commission free-etfs

The companies don’t have a revenue-sharing agreement in place, which is intended to defray servicing costs to provide the funds without commissions, said Mark Wiedman, global head of iShares. For iShares ETFs, Fidelity receives compensation from the ETF sponsor, its affiliates or both as part of an...
by billern
Wed Jan 28, 2015 9:26 am
 
Forum: Investing - Theory, News & General
Topic: Why do brokerages give commission free-etfs
Replies: 19
Views: 1858

Re: Do you usually order beverage at restaurants?

Yes, I almost always order a beer with dinner, if something good is on tap. No soda or drinks with lunch.
by billern
Sun Dec 28, 2014 6:53 pm
 
Forum: Personal Consumer Issues
Topic: Do you usually order (not-free) beverage at restaurants?
Replies: 89
Views: 7679

Re: Easier to do morally right if you have money?

A person's true character comes out in trying times.
by billern
Fri Dec 26, 2014 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Easier to do morally right if you have money?
Replies: 3
Views: 770

Re: How much is reasonable to spend on vacation?

If 30 percent of your budget is earmarked for discretionary expenses, the question is "how much of that do I WANT to spend on a vacation." What is more important to you: Super duper cable package to light up a high-end TV? Vacation and experiences? Or... something else? You probably can't...
by billern
Tue Dec 16, 2014 1:31 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is reasonable to spend on vacation?
Replies: 30
Views: 3001

Re: What are your 2015 Financial Goals?

Reduce expenditures on non-necessary consumables (reduce cost and waste). Position self for optimal career progression. Possibly a change of firm if I don't see long-term benefits of current job. I might even more out of California which has high taxes and gets low scores in ease of operating a busi...
by billern
Mon Dec 15, 2014 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 102
Views: 8308

Re: High(ish) earner; spending too much?

30% is a pretty good savings rate. If your employment is fairly risky, there might be a reason to increase the savings rate. Otherwise, if you like what you are doing and think you spending is worth it (luxury travel), continue doing what you are doing.
by billern
Sun Dec 07, 2014 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 71
Views: 9263

Re: What's the logic behind the Roth IRA income limit

To good of a benefit for higher income taxpayers. You get the benefit of employer sponsored retirement accounts. After that, you are stuck with non-deductible IRAs.

As others have mentioned, the back-door Roth IRA strategy is a good option if you don't have any traditional IRA balances.
by billern
Sun Dec 07, 2014 7:38 pm
 
Forum: Investing - Theory, News & General
Topic: What's the logic behind the Roth IRA income limit
Replies: 12
Views: 1338

Re: Girlfriend with a LOT of Student debt.

I think the key is that every person can and should make their own decisions regarding consumption level and financial goals. Finding someone with compatible consumption levels and financial goals plays a big factor in the success of a relationship. Don't judge your GF on how she is. Offer, to the e...
by billern
Wed Nov 26, 2014 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13837

Re: Ouch! IRS penalty for underpayment, Any ideas?

There is a provision in the IRS regulations for something called a "First Time Abatement" (FTA), where if a taxpayer contacts the IRS to explain that this is the first time s/he has made a particular mistake that resulted in a penalty, the IRS has the discretion to grant a waiver if they ...
by billern
Tue Nov 11, 2014 9:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ouch! IRS penalty for underpayment, Any ideas?
Replies: 24
Views: 3260

Re: That stress-relieving thing you do at work

Walking at lunch. Get regular exercise every day. Don't think about work when you leave for the day. Make plans for your weekends and plan a large trip some point in the next 6 months so you have things to look forward to.
by billern
Thu Oct 30, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: That stress-relieving thing you do at work
Replies: 45
Views: 2936

Re: 39.6% Tax Bracket :(

I've seen a couple suggestions to do a roth. If you do a roth you are guaranteed to pay your high tax rate where as if you go the traditional route there is a good chance you'd pay less than 39.6% on your withdraws if you are like most people who pull less during their retirement years. Why not jus...
by billern
Wed Oct 29, 2014 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: 39.6% Tax Bracket :(
Replies: 28
Views: 6704

Re: What's wrong with dividend ETF's in a taxable account?

Invest in an equity ETF in your taxable account that is more tax efficient. It will likely increase your after tax return over a long period of time without the tax drag. Total market, S&P 500, foreign, etc.
by billern
Mon Oct 20, 2014 9:48 am
 
Forum: Investing - Theory, News & General
Topic: What's wrong with dividend ETF's in a taxable account?
Replies: 4
Views: 543

Re: Helping prepare family financially if earner dies early

I'm sure there are a lot of resources out there for cancer patients and their families. Books, online discussion groups, and in-person. It would be good to get connected to that to get that support. It sounds like your kids are growing up and will be out of the house in the not too distant future so...
by billern
Wed Oct 15, 2014 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping prepare family financially if earner dies early
Replies: 8
Views: 1110

Re: Feeling very fortunate today!

A confirmed case of OMY syndrome. Changing your retirement plans b/c the market has "pulled back" to 1860? What if it goes back up to 2000? What if over the course of the next year it continues to drop? Will you work 2 more years? 3 more? Being in my mid-50s and having a really good job I...
by billern
Wed Oct 15, 2014 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Feeling very fortunate today!
Replies: 73
Views: 11948

Re: You may be getting charged rent for a router/modem you o

They assessed this charge for me. When I contest it, they said they would 'investigate' and ended up removing the charge without contacting me. Next month my cable service fee was increased by the same amount with no explanation. What a despicable company. I wish I had another option for high speed ...
by billern
Tue Oct 14, 2014 4:22 pm
 
Forum: Personal Consumer Issues
Topic: You may be getting charged rent for a router/modem you own
Replies: 34
Views: 4300

Re: Minimizing AMT impact

An increase in charity will definitely help. But you have hit part of the nail on the head without realizing it. Given that I live in the Northeast, where our tax burden is so high, there is no hope that I will ever escape the AMT. However, last year when I used TurboTax, I noticed that if I change...
by billern
Mon Oct 13, 2014 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Minimizing AMT impact
Replies: 18
Views: 2122

Re: Wells Fargo Advisor Sales Load/Fee Question

WFA is generally a % of assets under management fee arrangement for their clients. I don't know why there would be a large trading fee on a stock.
by billern
Fri Oct 10, 2014 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wells Fargo Advisor Sales Load/Fee Question
Replies: 6
Views: 505

Re: Headed for a 300+ point loss today?

What is the significance of severe volatility in the market with no catastrophic events evident to justify such volatility? The S&P swinging by over 33 points up then down (up till this hour) on two successive days?!! Is it a signal for something about to happen? It is speculation about future ...
by billern
Thu Oct 09, 2014 11:56 am
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 464
Views: 37084

Re: Headed for a 300+ point loss today?

The Wizard wrote:It could be the beginning of a Really Bad Week...
Or it could keep going up and down each day with the market not making up its mind! Stay the course...
by billern
Thu Oct 09, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 464
Views: 37084

Re: Critically Acclaimed Movies you did not like

Wow, this is a rough crowd!

I'll nominate Forest Gump.
by billern
Mon Oct 06, 2014 11:13 pm
 
Forum: Personal Consumer Issues
Topic: Critically Acclaimed Movies you did not like
Replies: 150
Views: 19520

Re: Is my husband a spendthrift? Or I a tightwad?

So based on that... maybe I'm good? We're not even putting 13% towards retirement. He puts 10% of his income and I put 3% of mine, so I think it's more like 6-7% when we average it out. Maybe only 5-6% because I earn more. . I think I read that you were bringing home 75% of the income - but I can't...
by billern
Thu Oct 02, 2014 7:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my husband a spendthrift? Or I a tightwad?
Replies: 198
Views: 17791

Re: Is there an "upper limit" on Boglehead theory?

I think it gets slightly more complicated due to higher margin tax rates, alternative minimum tax, and additional taxes that only apply to high-income earners like the net investment income tax. It may be worth doing things different to get a better after tax return. There are also gift and estate t...
by billern
Thu Oct 02, 2014 3:33 pm
 
Forum: Investing - Theory, News & General
Topic: Is there an "upper limit" on Boglehead theory?
Replies: 58
Views: 4844

Re: Why not 100% Stocks?

I've been pretty much 100% stocks since I started investing over 10 years ago. It can be rough at time but I'm committed to staying the course even if there is a drastic downturn for a number of years. The only concerns I'd have about going 100% stocks now is recency bias and underestimating your ri...
by billern
Thu Oct 02, 2014 11:23 am
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 22646

Re: Tell me about Paris

If you only have a couple days, I would recommend avoiding Versailles Palace. Louvre and Orsay were much more interesting. I'd say plan on spending a whole day in the Louvre (it is huge and hard to get between the different sections). Also, when we went, the lines at Orsay were crazy. Even with buyi...
by billern
Wed Oct 01, 2014 12:40 pm
 
Forum: Personal Consumer Issues
Topic: Tell me about Paris
Replies: 65
Views: 4148

Re: How can I stop feeling depressed about my finances?

Spend some time traveling around any poor third-world country to realize how good we have it here.

Then start thinking about what you need to do to grow into a job where you are doing what you want to do and being compensated to a level that allows the standard of living you want to achieve.
by billern
Mon Sep 29, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: How can I stop feeling depressed about my finances?
Replies: 130
Views: 15346

Re: Bill Gross moving from PIMCO to Janus, Monday

Folks, we don't know the truth and never will. We will learn the likely truth soon. :!: :?: :D "Never" is a long time. I suspect we won't know the truth until enough time has passed that it doesn't matter to investors. But as long as we're speculating :) there's a third possibility. I don...
by billern
Fri Sep 26, 2014 10:11 am
 
Forum: Investing - Theory, News & General
Topic: Bill Gross moving from PIMCO to Janus, Monday
Replies: 119
Views: 12373

Re: Professional gambler in unique investment situation

First, figure out how much capital your professional gambling career requires. I would exclude that from your allocation entirely. You might want to reduce or eliminate the risk on your investment portfolio. Clearly you can bear short term fluctuations but I'd argue that an income that fluctuates ma...
by billern
Fri Sep 19, 2014 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Professional gambler in unique investment situation
Replies: 23
Views: 4030

Re: Help with a large business decision

I have some clients in manufacturing businesses that buy large machinery. OP, I don't know exactly what you do but I'm guessing you are in a similar position to what I see. Often, these large pieces of machinery take time (usually a year) before they are really operating at 100%. There is software a...
by billern
Tue Sep 16, 2014 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with a large business decision [capital expenditure]
Replies: 36
Views: 1463

Re: Young Guy, Probably Not Going To Live A Long Time

If you don't want family drama, the most important thing to do is meet with an estate planning attorney and make sure your will/etc are set up properly per your wishes. That is much more important and will net a greater return than any financial product. Great idea. However, I have a very basic wil...
by billern
Mon Sep 15, 2014 11:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Young Guy, Probably Not Going To Live A Long Time
Replies: 30
Views: 4418

Re: CalPERS Eliminates Hedge Fund Program

Interesting but $4B of a $300 billion dollar portfolio is a pretty small piece of the pie. It is not like they were heavily invested in hedge funds before this change.
by billern
Mon Sep 15, 2014 11:07 pm
 
Forum: Investing - Theory, News & General
Topic: CalPERS Eliminates Hedge Fund Program
Replies: 44
Views: 3338

Re: Young Guy, Probably Not Going To Live A Long Time

If you don't want family drama, the most important thing to do is meet with an estate planning attorney and make sure your will/etc are set up properly per your wishes. That is much more important and will net a greater return than any financial product.
by billern
Mon Sep 15, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Young Guy, Probably Not Going To Live A Long Time
Replies: 30
Views: 4418

Re: Car Advice: When to Replace?

Interesting question. I drive a 2001 Honda Civic 2 door car that I have owned since new. It has 100K miles and is still in very good condition, except for the paint. It will probably take $1-2K to keep running for another 5 years which is a lot cheaper than buying a new car. I'm trying to hold off r...
by billern
Sun Sep 14, 2014 10:59 am
 
Forum: Personal Consumer Issues
Topic: Car Advice: When to Replace?
Replies: 37
Views: 2966

Re: Rather macabre but necessary question

I have an odd question - are there insurance companies out there that sell annuities targeted to individuals in OPs circumstances? It seems like the actuarial tables would provide high annuity payouts for high-risk individuals. If one could purchase such an annuity, it seems like that could cover th...
by billern
Tue Sep 09, 2014 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 86
Views: 10688

Re: Cold Brew Coffee and whole coffee beans

You don't need to buy a fancy appliance to do cold brew coffee. You can use a mason jar or some other container. Just grind the beans to the desired texture, put into brewing vessel, add water, shake to mix, and leave out for 12 to 24 hours (depending on how you like it). When done, strain out the c...
by billern
Mon Sep 01, 2014 11:20 am
 
Forum: Personal Consumer Issues
Topic: Cold Brew Coffee and whole coffee beans
Replies: 7
Views: 903

Re: My husband's " WILL", $ left for me to live on....

What this sounds like is a case where the husband is concerned about his 4 adult children. He sounds like he's anticipating that if he leaves everything to his wife, upon her passing she will leave everything to child #5, and children #1-4 will end up with nothing. There are ways to use trusts to p...
by billern
Thu Aug 28, 2014 1:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 18476

Re: California residents - do you have earthquake insurance?

I figure you have two choices if an earthquake happens and you don't have insurance. 1) You will have to get a loan from FEMA to rebuild your house. 2) Walk away. Let the banks foreclose. You lose your equity and your credit rating. #3 Sell the land. #4 Self insure. #5 Spend money now to retrofit h...
by billern
Tue Aug 26, 2014 6:27 pm
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 54
Views: 3458

Re: Do you take all of your allowed paid vacation time?

I'm a professional in a service industry. Most of my colleagues will check email regularly while on vacation and often work half days or more while on vacation. It is a real problem for them and the firm. I'm in the habit of taking 2 weeks international trips each year. I started doing this the firs...
by billern
Fri Aug 22, 2014 2:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you take all of your allowed paid vacation time?
Replies: 88
Views: 6555

Re: What to consider while purchasing an existing business?

What are you receiving for fifty thousand bucks? I have no idea what the assets are of a manicure business, but that seems like an awful lot of money for some furniture, implements and goodwill. If the owner is so incompetent and your wife has the client following, why don't you just open up anothe...
by billern
Thu Aug 21, 2014 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to consider while purchasing an existing business?
Replies: 50
Views: 4766

Re: Kaiser vs Blue Shield

I've have had good experiences with Kaiser in Sonoma County. Not everyone likes the Kaiser system.I like not having to deal with or worry about whether something is in network or not. Go to a Kaiser facility and you are guaranteed not to run into out of network issues. When looking at insurance, the...
by billern
Tue Aug 19, 2014 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kaiser vs Blue Shield
Replies: 83
Views: 6940

Re: Defining "Stay the Course"

A change in how 4% of your assets are invested is pretty much a rounding error. That said, if you want to make a change to your portfolio because recent market turmoil or the financial press have got to you, it is very easy to justify making a change based upon some other factor in your life. Be car...
by billern
Tue Aug 19, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: Defining "Stay the Course"
Replies: 41
Views: 3866
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