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Re: turbotax: foreign bank interest ?

try the instructions for IRS Form 8938, the form for foreign dividends, interest, etc. $200K single exclusion, $400K married. http://www.irs.gov/pub/irs-pdf/i8938.pdf second page, center column at top.
by midareff
Wed Jan 28, 2015 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: turbotax: foreign bank interest ?
Replies: 4
Views: 109

Re: Get 17% in russian savings account?

I'd rather own more USA and European equities.
by midareff
Wed Jan 28, 2015 12:29 pm
 
Forum: Investing - Theory, News & General
Topic: Get 17% in russian savings account?
Replies: 49
Views: 4092

Re: US citizen vs green card

2. Avoid filing US income tax return for life! Point 2 is a big one for many people. For example, let's say (I am not suggesting it will happen) you will get divorced, and she decides to return back home to Canada and spend the rest of her days there. She will still be obligated to file a US income...
by midareff
Wed Jan 28, 2015 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: US citizen vs green card
Replies: 11
Views: 425

Re: US citizen vs green card

I don't think there is any financial benefit, at least I did not see any when I was a long time GC holder years ago. However, there are non-financial benefits: 1. You get to vote. 2. You don't have to re-apply for GC every 10 years. 3. You can stay abroad as long as you want, as often as you want. ...
by midareff
Wed Jan 28, 2015 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: US citizen vs green card
Replies: 11
Views: 425

Re: Payoff Mortgage with investments in taxable accounts

Personally, I would not pay down any of those loans early, especially the main mortgage. I don't think it's ever a "bad idea" to pay down debt, but I do think there are better ideas if the debt interest rate is low and if the nature of the debt is collateralized/secured. Keeping and addin...
by midareff
Wed Jan 28, 2015 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Payoff Mortgage with investments in taxable accounts
Replies: 11
Views: 716

Re: US citizen vs green card

Don't have to apply for a new GC every 10 years. Cost of citizenship ~= cost of GC. Con: Taxed on all income everywhere in the world. Leaving and never coming back = some fee to "rescind" citizenship otherwise the tax-man cometh. Not true .................. if you file jointly you have a ...
by midareff
Wed Jan 28, 2015 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: US citizen vs green card
Replies: 11
Views: 425

Re: What age did you move out?

Missing part two.... What age did you move back?
by midareff
Wed Jan 28, 2015 11:40 am
 
Forum: Personal Consumer Issues
Topic: What age did you move out?
Replies: 67
Views: 2137

Re: Workplace net worth conversations you'd like to avoid?

There are people who will listen to sound advice and those who won't. Save your knowledge for those who would listen and perhaps act on what they have learned. Some folks just love to complain about how bad things are for them but will do nothing to better themselves. You might also run into a prob...
by midareff
Wed Jan 28, 2015 11:38 am
 
Forum: Personal Consumer Issues
Topic: Workplace net worth conversations you'd like to avoid?
Replies: 10
Views: 635

Re: Workplace net worth conversations you'd like to avoid?

pennstater2005 wrote:Smart decision.



+2 VERY smart decision.
by midareff
Wed Jan 28, 2015 11:29 am
 
Forum: Personal Consumer Issues
Topic: Workplace net worth conversations you'd like to avoid?
Replies: 10
Views: 635

Re: What mutual fund companies do you use?

Vanguard (almost 97%) and Fido (play money Roth).
by midareff
Wed Jan 28, 2015 11:23 am
 
Forum: Investing - Theory, News & General
Topic: What mutual fund companies do you use?
Replies: 46
Views: 1507

Re: Play money- what is your process?

I have about 3% of total in a Roth at Fido. That's my play money. I try to identify sectors or asset groups that I think will outperform for a year or more and ride with tat. I rode EM and EM Bonds for a couple of years, then mid-caps, now Health.
by midareff
Tue Jan 27, 2015 8:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 44
Views: 2644

Re: Bank adviser did some terrible advising...Help please

This could have been worse. The bank adviser could have been teaching an investment seminar at the local junior college. That is what my wife did, and it took about two years to get out. She had Reits, and a whole bag of investment goodies, none of which she could even describe. I think it was Shea...
by midareff
Tue Jan 27, 2015 7:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bank adviser did some terrible advising...Help please
Replies: 25
Views: 1729

Re: Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWAL

Ah, so Mr. "CDs only for my safe money" comes out of his shell and wants to buy a high yield bond fund?! :wink: This fund is not exactly junk bonds, but it does have some non-negligible credit risk as well as intermediate duration risk, so losses of more than 1.5% are a very real possibil...
by midareff
Tue Jan 27, 2015 7:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX)
Replies: 22
Views: 1108

Re: Mr. Bogle's current bond investing advice--what is it?

If Mr. Bogle used to recommend the Total Bond Fund and now recommends a mix of short and intermediate term bond funds it would seem someone did not stay the course. Perhaps. But I think Mr. Bogle would say that the index did not stay the course.... :P Excellent response..... changes, be they life c...
by midareff
Mon Jan 26, 2015 3:06 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Bogle's current bond investing advice--what is it?
Replies: 22
Views: 3224

Re: Mr. Bogle's current bond investing advice--what is it?

If Mr. Bogle used to recommend the Total Bond Fund and now recommends a mix of short and intermediate term bond funds it would seem someone did not stay the course.
by midareff
Mon Jan 26, 2015 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Bogle's current bond investing advice--what is it?
Replies: 22
Views: 3224

Re: Retirement Check

contender wrote:is fidelity better than firecalc? firecalc is telling me what i want to hear. lol

w/r
contender



The Fidelity calculator is extremely detailed. If it's a go for you as well wouldn't you want to hear that too? ... and if not don't you want to know about flies in the ointment now?
by midareff
Sun Jan 25, 2015 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Check
Replies: 31
Views: 3298

Re: Poll: Locating deceased person's assets

Things stuffed in drawers, clothes pockets, etc. Stock certificates missing or lost, just a mess.
by midareff
Sun Jan 25, 2015 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Locating deceased person's assets
Replies: 33
Views: 2230

Re: Preparing for RMDs

With 15/16 years left to RMD you may be able to convert enough to eventually move the needle a bit.
by midareff
Sat Jan 24, 2015 2:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Preparing for RMDs
Replies: 54
Views: 3528

Re: 4% Withdrawal Rate Question

What are people's opinions on treating your annual social security income as part of your bond allocation? I've heard Bogle say that in one his interviews. I consider pension money, SS and withdrawal from investments as three separate legs. I consider only invested assets (equities, bonds, MM, CD's...
by midareff
Sat Jan 24, 2015 2:35 pm
 
Forum: Investing - Theory, News & General
Topic: 4% Withdrawal Rate Question
Replies: 16
Views: 2005

Re: WR Computation and reinvestment question.

That's the whole point. $30K a year in withdrawals and $30K a year in reinvestments. Net change zero. Does a zero net change = a 3% withdrawal rate? Your portfolio balance may not have changed, but you DID withdraw. On average, a portfolio balance grows... A 4% model ala Bengen actually aims at a '...
by midareff
Sat Jan 24, 2015 9:53 am
 
Forum: Investing - Theory, News & General
Topic: WR Computation and reinvestment question.
Replies: 5
Views: 506

Re: Is it worth it to buy a condo vs a house.

What are the monthly HOA fees, insurance and taxes? Sorry, a surface number. When you look at HOA you have to look at what's included. In the case of my condo it includes hot water and a/c (in South Florida), cable with expanded channels and two premium channels (SHO, CMAX), 24 hour security, 24 ho...
by midareff
Sat Jan 24, 2015 9:42 am
 
Forum: Personal Consumer Issues
Topic: Is it worth it to buy a condo vs a house.
Replies: 25
Views: 2573

Re: Anyone used Fujiflex Crystal Archive paper for prints?

I think the sale should include the digital master on CD or SD card, so should your original print deteriorate you have the means to have it reprinted. All printed mediums deteriorate. If you want some expert opinions you might try http://www.dpreview.com and the appropriate forum, which might be th...
by midareff
Sat Jan 24, 2015 9:36 am
 
Forum: Personal Consumer Issues
Topic: Anyone used Fujiflex Crystal Archive paper for prints?
Replies: 9
Views: 708

Re: 4% Withdrawal Rate Question

I started my retirement @ a WR significantly under the 3% I have (this year) raised it to. In reading the original Bengen study the data he used for the survivability analysis is much different than today's circumstances, such as 2% real from 5 year treasuries and the expected forward returns on equ...
by midareff
Sat Jan 24, 2015 9:26 am
 
Forum: Investing - Theory, News & General
Topic: 4% Withdrawal Rate Question
Replies: 16
Views: 2005

Re: Anyone used Fujiflex Crystal Arcive paper for prints?

Well it's not really framed, is it? It's essentially freehanging on a backer board, admittedly printed on high quality paper. Seems to me it depends on if you wanted the image to have the effect of a frame. I'm old fashioned that way -- I like a good custom framing job, with a well chosen matte. +1...
by midareff
Sat Jan 24, 2015 8:36 am
 
Forum: Personal Consumer Issues
Topic: Anyone used Fujiflex Crystal Archive paper for prints?
Replies: 9
Views: 708

Re: WR Computation and reinvestment question.

3% for sure. Dividends are just one form of return on the principal. If you reinvest dividends, they are part of the portfolio balance growth, and total return stats always assume that. And if you don't reinvest dividends (which wasn't your scenario, but maybe your real question), then it should be...
by midareff
Fri Jan 23, 2015 10:29 am
 
Forum: Investing - Theory, News & General
Topic: WR Computation and reinvestment question.
Replies: 5
Views: 506

WR Computation and reinvestment question.

For the purpose of simplicity let's assume a $1M portfolio split evenly between taxable and IRA. Let's say equities in taxable throw $6K a year in dividends, which the retiree takes as income. The retiree also sells and withdraws $2K a month from a bond fund in taxable for a total withdrawal of $30K...
by midareff
Fri Jan 23, 2015 9:13 am
 
Forum: Investing - Theory, News & General
Topic: WR Computation and reinvestment question.
Replies: 5
Views: 506

Re: Southern Florida -- East Coast vs West Coast

Sanibel/Captiva was cut in half during the last hurricane there and is nothing like it used to. Try Google Earth. Marco is a bit crowded and not the resort destination it was decades ago.
by midareff
Thu Jan 22, 2015 10:28 pm
 
Forum: Personal Consumer Issues
Topic: Southern Florida -- East Coast vs West Coast
Replies: 5
Views: 666

Re: Hedge fund loses 99.8% of all funds, $100m down to $200k

I feel bad for the poor folks who may not have known better and were sold this pile of crap by some "Advosor" they trusted.
by midareff
Thu Jan 22, 2015 3:56 pm
 
Forum: Investing - Theory, News & General
Topic: Hedge fund loses 99.8% of all funds, $100m down to $200k.
Replies: 59
Views: 6640

Re: What do you drive, and why?

Just got invited to test drive a 650S McLaren. They said I get at least 25 minutes driving time in. LOL, the checkbook stays home, I booked the RSVP.
by midareff
Thu Jan 22, 2015 3:52 pm
 
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 190
Views: 15824

Re: 7 nights- Scotland or Ireland?

I have been to both, and liked both. Plenty of history. Very true but if I had to pick it would be Ireland. Whether you enjoy an occasional whiskey or pint or not be sure to stop at some of the local pubs. In twenty minutes it's like having a drink with 30 of your closest friends. ... friendliest p...
by midareff
Mon Jan 19, 2015 12:53 pm
 
Forum: Personal Consumer Issues
Topic: 7 nights- Scotland or Ireland?
Replies: 31
Views: 1988

Re: American Express Blue preferred vs Sallie Mae Mastercard

My current main CC is a capital one venture rewards card which give me 2% back, no foreign exchange fees. I also have a Costco Am Ex card but we moved to a new city earlier this year and there is no Costco nearby so I will cancel my Costco membership and the Costco Am Ex card. I am thinking of gett...
by midareff
Mon Jan 19, 2015 11:49 am
 
Forum: Personal Consumer Issues
Topic: American Express Blue preferred vs Sallie Mae Mastercard
Replies: 26
Views: 3749

Re: Tilting to Corp. Bonds

That downwards bump doesn't mean much to a disciplined investor UNLESS he has to sell IT IG during that period. I happen to hold an allocation to IT IG in my IRA. "That downwards bump doesn't mean much to a disciplined investor UNLESS he has wants to sell IT IG during that period." Wants ...
by midareff
Sun Jan 18, 2015 11:12 pm
 
Forum: Investing - Theory, News & General
Topic: Tilting to Corp. Bonds
Replies: 36
Views: 2912

Re: 5.6% stable value fund - what allocation?

Hi - just wanted to post a general question to get the thoughts of those on the forum. I have access in my 401K to a fund that has a guaranteed return. For this year it is 5.6%. I know age, assets ,etc.would all come into this discussion, but I have not seen this discussed. It would seem that an al...
by midareff
Sun Jan 18, 2015 2:13 pm
 
Forum: Investing - Theory, News & General
Topic: 5.6% stable value fund - what allocation?
Replies: 12
Views: 943

Re: Initial SEC yield and subsequent 5yr and 10yr returns

No caveat needed. The historical record clearly shows that in spite of constantly changing interest rates and yield curves, the initial SEC yield is predicts the subsequent 10 year yield with a good degree of accuracy. I just don't know what a backwards looking predictor tells me of value. Should I...
by midareff
Sun Jan 18, 2015 11:52 am
 
Forum: Investing - Theory, News & General
Topic: Initial SEC yield and subsequent 5yr and 10yr returns
Replies: 112
Views: 5356

Re: Florida in the summer

I have lived in Southeast Florida since 1975. One thing to realize about living here is that climate control is ubiquitous, so other than transporting yourself from wherever your body is presently located to the car (which is also air conditioned) nobody needs to be in the full blast of weather for...
by midareff
Sun Jan 18, 2015 11:51 am
 
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 81
Views: 5477

Re: spousal or partner frugality comparison poll

My lovely bride isn't frugal.. she just HATES to spend money on anything.
by midareff
Sun Jan 18, 2015 11:39 am
 
Forum: Personal Finance (Not Investing)
Topic: spousal or partner frugality comparison poll
Replies: 18
Views: 1811

Re: Tilting to Corp. Bonds

All of this seems to miss a point or two IMHO. That downwards bump doesn't mean much to a disciplined investor UNLESS he has to sell IT IG during that period. I happen to hold an allocation to IT IG in my IRA. I'm 4 years out from the year I turn 70.5 so it means little now. As I get closer I will p...
by midareff
Sun Jan 18, 2015 11:26 am
 
Forum: Investing - Theory, News & General
Topic: Tilting to Corp. Bonds
Replies: 36
Views: 2912

Re: Why invest in International funds? It's a mystery

http://www.bogleheads.org/w/images/1/11/US-International.png [/quote] I'm about 35% International since that's how last year wound up. International underperformed in the last half of 2014, to which I say, so what. International performed better than domestic in 10 of the last 21 years. Try the Cal...
by midareff
Sun Jan 18, 2015 11:11 am
 
Forum: Investing - Theory, News & General
Topic: Why invest in International funds? It's a mystery
Replies: 121
Views: 10496

Re: Initial SEC yield and subsequent 5yr and 10yr returns

billyt wrote:dkturner: You are misinformed. SEC yield is a very accurate predictor of subsequent 10 year return.



Don't you need a caveat here... such as in an environment where the interest rates DON'T CHANGE.
by midareff
Sun Jan 18, 2015 11:06 am
 
Forum: Investing - Theory, News & General
Topic: Initial SEC yield and subsequent 5yr and 10yr returns
Replies: 112
Views: 5356

Re: How Can Short-Term Tax Exempt Make Sense?

The ST Tax-Ex is presently distributing .70% tax free. If your tax rate is 28% that would make it better than most MM and savings accounts. If you needed to park money for a couple of days between transactions and needed very stable NAV's it might make better sense than a bank.
by midareff
Sun Jan 18, 2015 11:03 am
 
Forum: Investing - Theory, News & General
Topic: How Can Short-Term Tax Exempt Make Sense?
Replies: 13
Views: 1584

Re: Tilting to Corp. Bonds

... Of course there is... VFIDX 5.3 years duration, expense .10% Unfortunately the Yahoo data only goes back to 1980 which meets a lot of purposes. For data analysis, I'm interested in rising rate period of 1954 to 1982 (especially 1954 - 1977 or so). Interest rates back to 1971 can be had here. ht...
by midareff
Sat Jan 17, 2015 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: Tilting to Corp. Bonds
Replies: 36
Views: 2912

Re: Tilting to Corp. Bonds

... The spread went way up during the recession but then leveled out for the next five yeas at ~ 4% with corporate yields deceasing along with Treasuries. In the last year we have seen the yields stopped in their tracking with Treasuries moving up and corporates down (sort of) which dropped the spr...
by midareff
Sat Jan 17, 2015 12:00 pm
 
Forum: Investing - Theory, News & General
Topic: Tilting to Corp. Bonds
Replies: 36
Views: 2912

Re: Poll: Your Max. REIT Allocation

If I look back to the 2010-2011 time frame they were at 12%. They did great and I harvested and trimmed to 10%, and repeated the process again late 2013 reducing the allocation to 7.5%. I listened to the noise all last year about how they were overvalued and due for a crash, and did nothing. Now we ...
by midareff
Sat Jan 17, 2015 11:54 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Your Max. REIT Allocation
Replies: 54
Views: 4005

Re: How do I retire?

Thanks so much to everyone for the responses. It means a lot, especially coming from such a darn smart bunch. :) Some of you asked for more specific information. I'm single. Current expenses are about $5-6000 a month. Live in Manhattan, NY. I own a small one-bedroom apartment free and clear, althou...
by midareff
Sat Jan 17, 2015 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: How do I retire?
Replies: 53
Views: 4704

Re: Tilting to Corp. Bonds

Does anyone have any thoughts about the unusual situation we have been in since 2009 with respect to the Federal Reserve Board's participation in the market for Treasury securities? Does anyone think that Fed participation in the Treasury market may have been distorting the relationship between the...
by midareff
Sat Jan 17, 2015 9:12 am
 
Forum: Investing - Theory, News & General
Topic: Tilting to Corp. Bonds
Replies: 36
Views: 2912

Re: How do I retire?

You seem to be a very conservative investor. You might like Wm Bernstein's approach of having 20-25 years worth of drawdown/income needs in "safe" products e.g. short term bond funds, CDs etc. The excess can be invested anyway you want from 100% in equities to 0% in equities. You basicall...
by midareff
Sat Jan 17, 2015 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: How do I retire?
Replies: 53
Views: 4704

Re: RA Expected Returns update yearend '14

Since 2008, the market has flocked into low risk (bonds paying essentially nothing) and dividend producing ( utilities, REITS, high dividend stocks) areas. I believe these areas to be overcrowded and overvalued at present. Ultimately (whenever that is) I believe this tide will turn. It's a good ris...
by midareff
Sat Jan 17, 2015 8:33 am
 
Forum: Investing - Theory, News & General
Topic: RA Expected Returns update yearend '14
Replies: 10
Views: 1159

Re: Tilting to Corp. Bonds

I think you have to look at and absorb the gain/decline numbers Taylor put forth. If you were fortunate enough to market-time (yes, market time) the bottom you would have had about 9% or so more to rebalance with. Not so lucky market timing not so great an amount. If you were going to hold pat a dif...
by midareff
Fri Jan 16, 2015 2:36 pm
 
Forum: Investing - Theory, News & General
Topic: Tilting to Corp. Bonds
Replies: 36
Views: 2912

Re: How Long Do You Keep Tax Records?

I have back through 1996 on hard drive. They don't take enough space to be concerned about keeping them.
by midareff
Fri Jan 16, 2015 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Long Do You Keep Tax Records?
Replies: 28
Views: 2405

Re: Is a Sub-4% SWR a Boglehead Quirk?

... The other way is to use a very specific tool for the job. This tool pretty well solves the problem of "dying with much of your nest egg intact." It is directly targeted on longevity risk, unlike portfolio withdrawal strategies that have no connection with your personal life span and d...
by midareff
Fri Jan 16, 2015 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10649
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