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Re: If your networth is over $3 million, how did you do it?

It's pretty simple to end up with a lot of money: 1. Have a high paying job with few or no periods of long unemployment. 2. Live below your means and save most of your income. 3. Be "fortunate" enough to live in an era of inflation that erodes the value of the currency over time. Of course...
by technovelist
Thu Nov 13, 2014 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22168

Re: My DISH tv bill just keeps going up and up

I'm back to the $6/month "vacation" package, which IMO is the best bargain they have.
by technovelist
Mon Nov 10, 2014 8:23 pm
 
Forum: Personal Consumer Issues
Topic: My DISH tv bill just keeps going up and up
Replies: 50
Views: 4360

Re: My DISH tv bill just keeps going up and up

That reminds me that I have to call them on Monday and threaten to cancel unless they put me back on vacation.
That costs $6/month and we get AXS, which is the best channel they have anyway.
by technovelist
Sat Nov 08, 2014 10:05 pm
 
Forum: Personal Consumer Issues
Topic: My DISH tv bill just keeps going up and up
Replies: 50
Views: 4360

Re: Cobra - might you be an expert

I'm pretty sure you are out of luck with COBRA if your (ex-)employer drops health care coverage. At least that's what the documentation said when I was on COBRA a few times in the past, but ACA may have changed that. You need to talk with a real expert. I see someone has already suggested a public f...
by technovelist
Thu Nov 06, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cobra - might you be an expert
Replies: 13
Views: 896

Re: Selling to take LTCG, no wash?

I don't think you are missing anything, at least with respect to federal income taxes. I see a number of posters have pointed out some of the other interactions.

Yes, TT or the like is a big help in what-ifs.
by technovelist
Thu Nov 06, 2014 2:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling to take LTCG, no wash?
Replies: 8
Views: 545

Re: Your very first email

You know, I don't remember... I know it was before 1990 but not how long before. 1986 maybe? I had a Compuserve account around that time frame. Now that I think about it for a few more minutes, I'm pretty sure that I had some kind of email account on a PDP-10 I was writing code for in the early 1970...
by technovelist
Thu Nov 06, 2014 2:08 pm
 
Forum: Personal Consumer Issues
Topic: Your very first email
Replies: 60
Views: 2371

Re: That stress-relieving thing you do at work

Agree on the plans to do something pleasurable. According to what I've read, the longer in advance that you plan something like that, the more overall value you get from it.
by technovelist
Thu Oct 30, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: That stress-relieving thing you do at work
Replies: 45
Views: 2869

Re: Feeling rich to feeling poor overnight

I don't see any reason that you couldn't look for a 3 or 4 bedroom place with roommates each having their own bedrooms. Surely that isn't too unusual in such a high COL area. Then your girlfriend could stay with you without having to wreck your budget.
by technovelist
Fri Oct 24, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 10844

Re: buying this year and selling next year

Buying is not a taxable event; selling is (other than in the fairly unusual case of short selling).
So you won't have any taxable events this year if all your transactions are purchases; thus, you won't have anything to report next year when you do this year's taxes.
by technovelist
Wed Oct 22, 2014 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: buying this year and selling next year
Replies: 5
Views: 510

Re: Which lots do you sell when redeeming shares?

What is your total income for the year? If you are in the 15% bracket, and they qualify for long-term rates, then the optimum approach is to sell an amount that brings your total income to the top of that bracket, since LTCG in the 15% (and 10%) brackets have a 0% tax rate.
by technovelist
Wed Oct 22, 2014 1:40 pm
 
Forum: Investing - Theory, News & General
Topic: Which lots do you sell when redeeming shares?
Replies: 14
Views: 929

Re: FIOS [versus cable]

I wish I could get ANYTHING like cable or even DSL out in "Green Acres", never mind FIOS.
At least I have finally been able to get an LTE (4g) wireless connection that is pretty good... for $90/month.
by technovelist
Wed Oct 22, 2014 1:35 pm
 
Forum: Personal Consumer Issues
Topic: FIOS [versus cable]
Replies: 46
Views: 3620

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

+1. Engineers are great. As a "software engineer", I'm not a real engineer, but I could probably play one on TV. No, in my experience software "engineers" only speak Greek so you can't be on TV unless you are playing one on a cable business channel. :beer While that may be true ...
by technovelist
Wed Oct 22, 2014 1:30 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 135
Views: 10628

Re: Three Possible Outcomes for Future Investment Returns

My planning assumption is 0% real return. Anything above that is a bonus.
by technovelist
Wed Oct 22, 2014 1:26 pm
 
Forum: Investing - Theory, News & General
Topic: Three Possible Outcomes for Future Investment Returns
Replies: 32
Views: 2356

Re: Anchoring vs. Buy-and-Hold

Anchoring can apply to any investment - including broad index funds. Anything that you bought at a price or has a price assigned to it can be the target of unhelpful anchoring. And it could apply to buy and hold investors as well in certain contexts - say for example they hit their rebalancing band...
by technovelist
Wed Oct 22, 2014 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anchoring vs. Buy-and-Hold
Replies: 15
Views: 1460

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

I'm not an engineer, but agree with the other folks in that I think engineers are some of the best investors. They are by nature and profession data driven and unemotional in their decision making. Those qualities make them terrible at other aspects of their life, but is a great plus when it comes ...
by technovelist
Wed Oct 22, 2014 12:28 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 135
Views: 10628

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

If you concur with Wikipedia's definition you should agree with my logic: 1. I may suffer from illusory superiority and rate my ability higher than is accurate. I may think that I have good and defensible reasons for believing so. But the essence of all biases is that what I think is not necessaril...
by technovelist
Wed Oct 22, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 135
Views: 10628

Re: Gross Yearly Income needed in Retirement (Speculation)

Still about 10-15 years (hopefully) from early retirement. My goal is to have 12k/month AFTER tax to be able to live a fairly extravagant lifestyle in my world. We love to travel and would do so frequently and internationally. By having the time to take longer trips (maybe 4-6 weeks), we would save...
by technovelist
Wed Oct 22, 2014 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12885

Re: Is investing in real estate worth it?

I would never invest in real estate other than my own home (and I'm not too keen on that either really).
It is a lot of work and risk for a very uncertain payoff.
by technovelist
Wed Oct 22, 2014 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Is investing in real estate worth it?
Replies: 28
Views: 2560

Re: Gross Yearly Income needed in Retirement (Speculation)

"One million dollars."
Adjusted for inflation, of course. :greedy
by technovelist
Tue Oct 21, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12885

Re: "I've had it" at work - how often

Early 30s, software engineer at a large corporation. I roll my eyes and sigh every week or so due to office politics, but it isn't terribly demanding, and pays well, so I get on with it. I would rather have the time back, but I am limiting my hours to 40 and everyone else seems okay with that, and ...
by technovelist
Tue Oct 21, 2014 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12634

Re: What tax software do you use and why

H&R Block at home, Deluxe.
I got a free version a couple of years ago but paid for a download last year.
Does anyone know when the new version usually comes out? It should be fairly soon, I imagine, but I can't find that information on their website.
by technovelist
Tue Oct 21, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: What tax software do you use and why
Replies: 54
Views: 2640

Re: Employer Reimbursing Health Insurance Premiums - Taxable

It seems that the rules don't apply to plans with fewer than two active employees: " In accordance with Code § 9831(a)(2) and ERISA § 732(a), the market reforms do not apply to a group health plan that has fewer than two participants who are current employees on the first day of the plan year&q...
by technovelist
Tue Oct 21, 2014 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer Reimbursing Health Insurance Premiums - Taxable???
Replies: 12
Views: 661

Re: Electricity Adaptor for Europe

Most electronic devices these days are multi-voltage and can handle anything from 110 to 240. Look at your device or its power adapter to see. If they are multi-voltage, then all you will need is a plug adapter, which you can buy for a few $ at a travel store, e.g. "Bag and Baggage", as we...
by technovelist
Tue Oct 21, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: Electricity Adaptor for Europe
Replies: 10
Views: 649

Re: Employer Reimbursing Health Insurance Premiums - Taxable

From that same article: "IRS on its website said if an employer pays the cost of an accident or health insurance plan — outside payment from a retirement plan — for employees and their spouse and dependents, the payments are not wages and are not subject to Social Security; Medicare; or federal...
by technovelist
Tue Oct 21, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Employer Reimbursing Health Insurance Premiums - Taxable???
Replies: 12
Views: 661

Re: Write-off capital loss against capital gains?

Yes, your CPA is correct to the best of my knowledge.
As to the HOA fees, I have no idea.
by technovelist
Tue Oct 21, 2014 9:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Write-off capital loss against capital gains?
Replies: 27
Views: 1291

Re: 2nd Opinions on Bond Alternatives?

As they say about poker, if you can't figure out who the fish is, it's you.
Their recommendations aren't in your interest.
by technovelist
Mon Oct 20, 2014 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2nd Opinions on Bond Alternatives?
Replies: 35
Views: 2243

Re: Why not 100% Stocks?

I decided to go 100% stock in my portfolio after I paid off my house. Seems like a no brainer to me. House is kinda like a big bond anyways. Though in a true crisis/left tail event pretty hard to rebalance from. I'm not sure real estate is really a good thing to have in a real crisis. It certainly ...
by technovelist
Mon Oct 20, 2014 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 21390

Re: "I've had it" at work - how often

To be honest, knowing that I could laugh at the latest stupid idea and hand in my papers any time I want to has actually made it easier to deal with the madness. Contemplating that future is almost as much fun as executing it will be. Yes, that is a big help in dealing with the usual nonsense! Peop...
by technovelist
Mon Oct 20, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12634

Re: online shopping for laptop PC

I bought my 17" Dell at Costco, as they had good prices and of course the best customer service. I also bought an extended warranty through SquareTrade, because many of my laptops have needed service at some point after the regular warranty.
by technovelist
Mon Oct 20, 2014 2:34 pm
 
Forum: Personal Consumer Issues
Topic: online shopping for laptop PC
Replies: 25
Views: 1743

Re: Is it possible to have a favorite movie

I have several "favorite movies": "You've Got Mail" because it is sort of like the way I met my wife. Without the dramatic tension about the conflicting businesses, though. "The Incredibles" because it is hilariously funny and touching as well. "Serenity" beca...
by technovelist
Mon Oct 20, 2014 1:08 pm
 
Forum: Personal Consumer Issues
Topic: Is it possible to have a favorite movie
Replies: 82
Views: 3277

Re: When to think about tax lost harvesting

I did tax loss harvesting in 2008/09 and have more losses than I will ever use up as deductions at ordinary income tax rates- unless I live to be about 140. I was generally able to return to my original fund allocation, except that I presently hold Vanguard's Large cap fund rather than Total Stock ...
by technovelist
Mon Oct 20, 2014 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to think about tax lost harvesting
Replies: 19
Views: 1446

Re: "I've had it" at work - how often

I'm 51 and a senior IT manager for a major defense contracting firm. For many years I loved my job and virtually never had one of those days. The combination of being financially able to walk away if I wanted to do so and the mounting frustrations of dealing with incompetent government clients has ...
by technovelist
Mon Oct 20, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12634

Re: How does one hedge against deflation?

A large non-recourse mortgage matched with a position in long-term Treasurys would probably work as a hedge, because one could walk away from the mortgage without penalty (other than having to move, of course), and still keep the Treasurys.
by technovelist
Mon Oct 20, 2014 10:58 am
 
Forum: Investing - Theory, News & General
Topic: How does one hedge against deflation?
Replies: 52
Views: 4098

Re: Why do people use age instead of life expectancy?

I'll use life expectancy when you can tell me what mine is. By the way I'm 40 and dang sure of it. And what a pathetic and nauseating article by an ethicist. The implication that all over 75 are no longer contributing to society... how sad that he feels that way. Him first. By the way, if his name ...
by technovelist
Mon Oct 20, 2014 10:36 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2948

Re: Windows XP

4stripes wrote:Windows 7 is significantly better than XP and can be visually arranged identically. I'd update immediately. I held on to XP for a long time but never missed it once I upgraded.


Same here.
by technovelist
Mon Oct 20, 2014 10:32 am
 
Forum: Personal Consumer Issues
Topic: Windows XP
Replies: 62
Views: 3046

Re: "I've had it" at work - how often

Great thread. I used to be in the 70/30 crowd. Love my work (physician taking care of patients) and hated the admin folks overseeing the daily chores. They were incompetent and frustrating to work with as the moves they made no medical or financial sense for the practice. It was hard to listen to s...
by technovelist
Sun Oct 19, 2014 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12634

Re: "I've had it" at work - how often

I've had jobs in the past where it was EVERY SINGLE DAY. I would have so loved to quit on the spot but couldn't because I had a big nut to crack every day. One time I remember vividly was when I was working at a large financial information company on Long Island, and the job that had looked fine wit...
by technovelist
Sun Oct 19, 2014 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12634

Re: When can I afford to buy a home?

If interest rates go up substantially, house prices will probably go down substantially. That is a better time to buy than with low rates and high prices, because you can refinance a high rate into a lower one but you can't refinance a high purchase price into a lower one. So I wouldn't worry about ...
by technovelist
Fri Oct 17, 2014 4:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: When can I afford to buy a home?
Replies: 21
Views: 2567

Re: What will you do when you retire?

As well as traveling and just lazing around, I'll spend more time working on my own programming project(s). I've recently started a new one and am having a lot of fun trying to figure out how to harness the supercomputer built into my laptop's graphic chip!
by technovelist
Fri Oct 17, 2014 12:37 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: What will you do when you retire?
Replies: 37
Views: 3837

Re: Anybody ever reduce term coverage amount?

I'd just buy the whole thing as one policy if it isn't a burden for you financially. It gives you more flexibility at a relatively low extra cost.
by technovelist
Fri Oct 17, 2014 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anybody ever reduce term coverage amount?
Replies: 16
Views: 896

Re: Relatively new here. What did you do in 2008/09

What the 2008/2009 crash taught me is not to fear these stock market drops. The portfolio recovered faster than I expected. I am however increasing my bonds, but not because I become more fearful, but because I am getting older and can't take the hits like in my younger days. Paul I'm not sure what...
by technovelist
Fri Oct 17, 2014 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 130
Views: 9927

Re: Please help me solve my wireless router issues

Yes, please post a picture of the router where the ethernet cable (the one with an end that looks like the end of a telephone cable, only wider) is plugged in.
by technovelist
Thu Oct 16, 2014 4:38 pm
 
Forum: Personal Consumer Issues
Topic: Please help me solve my wireless router issues
Replies: 29
Views: 1324

Re: Is it ever to late to invest

Better late than never. Whatever you save now will come in handy later.
So absolutely do it!
by technovelist
Thu Oct 16, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: At my age is it ever to late to invest?( UK)
Replies: 13
Views: 1276

Re: Post Retirement Life Insurance from work place

Will you need life insurance after age 65? Some people do (me, for instance), but a lot of people don't.
For 30-year term, try selectquote.com. I think it will be MUCH cheaper but of course not the same as whole life (which is what I think you are describing), as it will terminate after 30 years.
by technovelist
Thu Oct 16, 2014 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Post Retirement Life Insurance from work place
Replies: 1
Views: 183

Re: Retired, my viewpoint has changed again.

Someone (Suzy O?) referred to money as freedom. That is what I have to remember. I have the freedom to relax and not be encumbered by day to day worries. I should not look inward and "small", but outward and explore all that is possible. It should be fun. Maybe time to change your usernam...
by technovelist
Thu Oct 16, 2014 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retired, my viewpoint has changed again.
Replies: 22
Views: 3240

Re: How did you get from $1M to $10M

Hayden wrote:I quit my job, started a company, worked hard, and got lucky.


Three out of four of those are pretty easy.
So now all the OP needs to know is how to get lucky. :sharebeer
by technovelist
Thu Oct 16, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4123

Re: Marginal Tax Rate Question/Confusion

Are you including Medicare and SS taxes in your thinking?
by technovelist
Thu Oct 16, 2014 2:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Marginal Tax Rate Question/Confusion
Replies: 16
Views: 1254

Re: Time Out of Market During Rollover

In a margin account with sufficient equity, you could buy whatever you are planning to purchase after the rollover, then use the check to pay off the margin loan. Given that this is a retirement account, I don't think you can do it that way. But if you have enough equity in a marginable taxable...
by technovelist
Thu Oct 16, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Time Out of Market During Rollover
Replies: 18
Views: 1201

Re: How did you get from $1M to $10M

I'm not in your target audience but I have to say that I am VERY dubious that there is any sure-fire or even highly likely way to get to $10M from $1M.

Unless of course there is hyperinflation, in which case all you will need is a stamp. :sharebeer
by technovelist
Thu Oct 16, 2014 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4123
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