Search found 46 matches

by Hyperborea
Tue Jul 18, 2017 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates in 3 years?
Replies: 26
Views: 2119

Re: Mortgage Rates in 3 years?

One word - ARM! Adjustable Rate Mortgage. ARM is not necessarily a four letter word. It's actually been a pretty great move for us financially. I bought the current house I'm in now with an ARM and oh my golly a second mortgage 15 years ago. I've refinanced that ARM 3 times for lower rates and lowe...
by Hyperborea
Tue Jul 18, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs. ACA plan - what to consider?
Replies: 46
Views: 2238

Re: COBRA vs. ACA plan - what to consider?

Thanks, I wasn't aware of that ! That would be a great option indeed, one I might consider using in early retirement given that I work for a Megacorp and the premiums (even unsubsidized) are much lower than the platinum Covered California ACA plans, and with lower out of pocket costs . Wow, that's ...
by Hyperborea
Tue Jul 18, 2017 7:42 pm
Forum: Personal Consumer Issues
Topic: Credit Card Extended Warranty for a TV
Replies: 14
Views: 854

Re: Credit Card Extended Warranty for a TV

Thanks for the info. I spoke to someone at CapitalOne and they sent me to Card Benefit Services who run this for Visa. I've got to have somebody come and give an estimate on the price to repair the set. I've got an appointment set up and we'll see how this goes.
by Hyperborea
Tue Jul 18, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs. ACA plan - what to consider?
Replies: 46
Views: 2238

Re: COBRA vs. ACA plan - what to consider?

COBRA runs for up to 3 years in some states, such as New York. +1 In California, you're eligible for 18 additional months (called Cal-Cobra). The only difference is the plan is administered directly by the insurance company rather than your employer's TPA. I'm on Cal-Cobra now but will switch to th...
by Hyperborea
Mon Jul 17, 2017 1:47 pm
Forum: Personal Consumer Issues
Topic: Favorite Sous Vide Recipes/Foods?
Replies: 6
Views: 396

Re: Favorite Sous Vide Recipes/Foods?

I really like the "BBQ" ribs recipe from Serious Eats - http://www.seriouseats.com/recipes/2015/09/sous-vide-pork-ribs-recipe-food-lab.html I've done the middle ground option (152F for 24 hours) a couple of times and will maybe try the hotter and shorter time option next. For the longer co...
by Hyperborea
Mon Jul 17, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Urgent 1st world problem [coffeemaker]
Replies: 48
Views: 3050

Re: Urgent 1st world problem [coffeemaker]

Spending hundreds of dollars on a drip coffee maker is analogous to buying high cost active funds. You are paying a premium for no real benefit. The quality/freshness of the beans probably matter more than the coffee maker. I second the recommendation for the aeropress. If you decide to go down the...
by Hyperborea
Mon Jul 17, 2017 12:52 am
Forum: Personal Consumer Issues
Topic: Credit Card Extended Warranty for a TV
Replies: 14
Views: 854

Credit Card Extended Warranty for a TV

My year and half old TV started to give picture trouble over the weekend. The manufacturer's warranty is only a year but I bought it with my Capital One Venture card which adds an extra year of coverage. I'm going to call them tomorrow to start the process rolling but I've never needed to use a cred...
by Hyperborea
Mon Jul 17, 2017 12:46 am
Forum: Personal Consumer Issues
Topic: San Jose and San Francisco Trip
Replies: 24
Views: 1625

Re: San Jose and San Francisco Trip

Jack London Square and Lake Merritt in Oakland? Unless the kids are into jazz or blues (or mum and dad are getting a sitter for them) and are going to Yoshi's then I'd skip Jack London Square. The kids might enjoy chocolate tours / tasting so maybe Ghirardelli or the more hipster Tcho in San Franci...
by Hyperborea
Sun Jul 16, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 3586

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

I don't see health insurance listed. That is likely to be your biggest potential expense. When you retire you will have 4-5 years of insurance to cover before Medicare and that may or may not be expensive. Nobody really knows and those who do aren't telling yet. Plan for a big expense particularly i...
by Hyperborea
Sun Jul 16, 2017 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Likelihood 20/80 AA going Zero.
Replies: 8
Views: 987

Re: Likelihood 20/80 AA going Zero.

But if you do a 3% SWR, you will be fine with 0/100. Depends on what is meant by a "3% SWR". If that is the "standard" 3% of initial to start and the withdrawal is adjusted yearly for inflation then it's only got about an 88% chance of success (according to FireCalc ). Even many...
by Hyperborea
Sat Jul 15, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Investing in company stock?
Replies: 17
Views: 669

Re: Investing in company stock?

I've used my company ESPP and it was a great way to make a pretty easy return. There are only 3 holding periods that make sense. ⋅ Don't hold it, just sell it as soon as you are able. This will likely mean that the discount (10% in your case) is taxed as income. ⋅ Hold it until t...
by Hyperborea
Sat Jul 08, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: FIRECalc like simulator with fixed withdrawals not CPI adjusted
Replies: 5
Views: 504

Re: FIRECalc like simulator with fixed withdrawals not CPI adjusted

You can do that with Firecalc. On the "Start Here" tab enter $0 for the spending and then on the "Other Income/Spending" tab enter the fixed amount ($1000 or whatever) as "Off Chart Spending" and untick the inflation adjusted checkbox. Make sure to set the portfolio all...
by Hyperborea
Mon Jul 03, 2017 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: Easy world portfolio for long term investment
Replies: 9
Views: 751

Re: Easy world portfolio for long term investment

Hi, Thanks for the suggestion. Is there anybody who does not believe in market cap but rather GDP allocation. I come from a smaller European country and nobody there would go with market cap because this overweights the US. The US are about 50 percent of the world's market but certainly not 50 perc...
by Hyperborea
Mon Jul 03, 2017 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Easy world portfolio for long term investment
Replies: 9
Views: 751

Re: Easy world portfolio for long term investment

Vanguard Total World has all the regions of the world economy in the same percentage as those regions are part of the total world market cap. If you want to overweight some regions or sectors then you could use VT as the core of your portfolio and add those that you wish to overweight. So, have for ...
by Hyperborea
Fri Jun 30, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: VPN for Fun
Replies: 15
Views: 2326

Re: VPN for Fun

Running a VPN on your home network is more useful if you want to be able to remotely access things on your home network (or allow somebody else to do so if they have the credentials). The other use of a VPN server running on your home network (either the router or a dedicated machine) is to provide...
by Hyperborea
Fri Jun 30, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: Ideas for a week in Spain
Replies: 42
Views: 2297

Re: Ideas for a week in Spain

I want to stay on the mainland Spain traveling by train. While the Balearic Islands and the Canary Islands are interesting, I don't want to bother with flights. I was in Barcelona for a conference a few years back and took some vacation time to travel in Spain afterwards. Getting from Barcelona by ...
by Hyperborea
Tue Jun 27, 2017 12:28 am
Forum: Personal Consumer Issues
Topic: Bay Area housing
Replies: 69
Views: 5736

Re: Bay Area housing

I've lived through 2 of the last big downturns and talked with ex-coworkers (I'm retired) who lived through the preceding one of the 90's. I too thought that house prices were sky high when I first came to the Bay Area (sorry all of you who live in other bay areas) in 1997. I could afford to buy in ...
by Hyperborea
Fri Jun 23, 2017 12:29 am
Forum: Investing - Help with Personal Investments
Topic: IRA Custodian for a Non-Resident Alien
Replies: 3
Views: 250

Re: IRA Custodian for a Non-Resident Alien

My current retirement accounts are at Vanguard and TD Ameritrade. My taxable accounts are also there but they will both be moved to Interactive Brokers. I am considering Schwab for the IRAs but am open to suggestions. Do you have any reason for not considering moving your IRAs to Interactive Broker...
by Hyperborea
Thu Jun 22, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Custodian for a Non-Resident Alien
Replies: 3
Views: 250

IRA Custodian for a Non-Resident Alien

I am currently a resident alien in the US with a green card and have both IRAs and a 401k. I am in the process of leaving the US over the next year and a half. I would like to consolidate the IRAs and the 401k with one custodian. Which one is friendly to non-residents? Who will let me hold those acc...
by Hyperborea
Thu Jun 22, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 24797

Re: Early Retirement - what to do about healthcare?

It's something of an irony that we're here in the forum overall to learn better how to profit from the constant growth that is celebrated and supported above all else in the US — above affordable health care, above education, above everything. At the end of the day, it means Americans believe it’s ...
by Hyperborea
Thu Jun 22, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 25
Views: 2016

Re: Review Requested:[Revised] Proposed Allocations in Prep for Retirement

For instance, I know that: [list]1. I don't want a portfolio that has 39 separate holdings across my IRA/401K space. As part of shifting from using a FA, I want to simplify and reduce expenses. Limited slice-and-dice would be ok--if I had a really compelling vision. Chip's advice has been very good...
by Hyperborea
Thu Jun 22, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: How do you approach your ESPPs
Replies: 26
Views: 1135

Re: How do you approach your ESPPs

When I had ESPPs their was a period when if you sold, the discount I believe counted as income vs cap gain. The strategy was to sell as soon as any gain was considered a long term capital gain. I believe that period was 2 years. So I bought every year and held for 2 years and took the long term cap...
by Hyperborea
Thu Jun 22, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 24797

Re: Early Retirement - what to do about healthcare?

I was born overseas but have lived in the US for over 35 years. I would caution anyone who wants to live overseas for cheap medical insurance so that you can retire early. Most of the countries where I would like to live probably won't want me unless I can prove that I have considerable financial a...
by Hyperborea
Thu Jun 22, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 24797

Re: Early Retirement - what to do about healthcare?

But this should be qualified. Why should it be qualified? These items you list below aren't included in the cost of health care per capita. The cost used for the health care cost per capita "covers the provision of health services (preventive and curative), family planning activities, nutritio...
by Hyperborea
Tue Jun 20, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 37629

Re: Regret early retirement/downsizing

My intention is not to hijack this thread, but you asked. It doesn't seem to be a threadjack as enjoyment in retirement is part of not having regret about doing so. As I've mentioned, I practice the flute 1-2 hours a day. Often people will think this is a hobby and I do it for fun. No. I once had a...
by Hyperborea
Mon Jun 19, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 25
Views: 2016

Re: Review Requested: Proposed Allocations in Prep for Retirement

The above is a lot more complicated than it needs to be. You could have: ⋅ 33% ( VTI ) Vanguard Total Stock Market ETF (0.04%) ⋅ 5% ( VNQ ) Vanguard REIT ETF (0.12%) <-- This could be skipped. ⋅ 19% ( VXUS ) Vanguard Total International Stock ETF (0.11%) ⋅ 39...
by Hyperborea
Fri Jun 16, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Saving taxes on RSUs vesting next year
Replies: 1
Views: 215

Re: Saving taxes on RSUs vesting next year

RSUs count as regular income so the only thing you can is the same sort of stuff that you can normally do to reduce regular income. You mentioned a new job, have you signed up for all the income deferral options - full 401k contribution, deferred compensation, HSA, etc.?
by Hyperborea
Wed Jun 14, 2017 1:32 am
Forum: Investing - Help with Personal Investments
Topic: Tax implications of investing through London Stock Exchange for non-resident investors
Replies: 9
Views: 786

Re: Tax implications of investing through London Stock Exchange for non-resident investors

Are you moving to the UK (or another country with equivalent US income tax and US estate tax treaties)? If yes, you could also use US domiciled ETFs without issues, since the UK/US tax treaties provide you with comparable US tax rates on dividends and decent insulation from US estate taxes. This is...
by Hyperborea
Tue Jun 13, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Tax implications of investing through London Stock Exchange for non-resident investors
Replies: 9
Views: 786

Re: Tax implications of investing through London Stock Exchange for non-resident investors

This setup of holding Irish domiciled ETFs bought on the LSE using an account at Interactive Brokers (possibly a London based account) is what I'm planning to move into over the next couple of years as I expatriate from the US. Does anybody see any potential for Brexit to put an end to this? Will th...
by Hyperborea
Sun Jun 11, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question - Non-US citizen parent wants to gift wealth
Replies: 21
Views: 1825

Re: Tax question - Non-US citizen parent wants to gift wealth

People are missing the fact that the giver is a NRA with non-US assets. If they give them to the OP while still alive then there is no US gift tax. If they give to the OP after they pass then there is no US estate tax. There might be taxes for the giver depending on the laws of the country in which ...
by Hyperborea
Fri Jun 09, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 2041

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

Hyperborea wrote That sounds like it was my post. I have found the expatriation blog written by Phil Hodgen, an international tax lawyer, to be really helpful in these regards Thanks for finding this Hyperborea, I had the comment copy pasted into a document Im keeping to record this info, but it se...
by Hyperborea
Wed Jun 07, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 2041

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

I did read one post here implying one could take ones chances with exit tax as you could effectively get $2M in assets per person, not per couple. Or that ' a couple could get out with $9.5 million by having one spouse leave in one year with $2 million and the second spouse gifting $5.5 million (li...
by Hyperborea
Mon Jun 05, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Foreigner, 37, seeking advice on starting Roth IRA
Replies: 23
Views: 1501

Re: Foreigner, 37, seeking advice on starting Roth IRA

One caveat is that many countries don't recognize Roth type accounts as retirement accounts. So, if you don't plan to remain in the US forever or at least until you pull out all the money from those Roth accounts, you may have tax issues in your home country. You may have to pay taxes on distributio...
by Hyperborea
Wed May 24, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 15191

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

This is also the main reason that I am planning to buy an annuity sometime between 70 and 80 if I'm still here (I'm a few decades away still) with at least some of the portfolio. I'm in this boat. There's a product called QLAC annuities which are pretty new, and there hasn't been much discussion on...
by Hyperborea
Tue May 23, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: New investor needing advice UK-US
Replies: 18
Views: 976

Re: New investor needing advice UK-US

A CPA in the States in your case, I presume. IME, not at all. Unless you happen to be extremely lucky in your choice, US CPAs have no expertise in UK tax, and little to none in general regarding anything 'foreign' or 'offshore'. You can't even find a US CPA with knowledge of the taxes in Canada, th...
by Hyperborea
Tue May 23, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: New investor needing advice UK-US
Replies: 18
Views: 976

Re: New investor needing advice UK-US

In particular, you may want to learn about the US 'expatriation tax'. This applies not only to US citizens who renounce their citizenship, but also to 'long term' green card holders (eight years, but potentially as few as six years and two days). This odious and spiteful tax applies if your assets ...
by Hyperborea
Tue May 23, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 15191

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Suppose I have saved a lot of money and am ready to retire. The amount of SS does not affect me much so I do not need to wait until 70 to collect big checks, instead I will take SS money at 62 and spend it without thinking too much about the differences between getting it at 62 and 70. I see it fro...
by Hyperborea
Sat May 20, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 15191

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

One thing often missing in these discussions is the fact that one can start at any time after the age of 62. The phrase "why would anyone not" ignores a broad array of issues already detailed in this thread. Perhaps 66 is not the right age, nor is 70. 64 could even be the right answer giv...
by Hyperborea
Sat May 20, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 15191

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Another factor that is often forgotten in these early or late SS discussions is senility insurance. If you delay taking SS and have a larger monthly payment then you are less likely to be left destitute because you made bad financial choices or were taken advantage of by a relative or a caregiver. S...
by Hyperborea
Tue May 09, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: employer executive savings plan and 180k cash - prioritizing help
Replies: 14
Views: 1484

Re: employer executive savings plan and 180k cash - prioritizing help

If it is an NQDC plan, read the plan brochure carefully. I don't think they can offer the flexibility you are describing without making the plan invalid. For example, you say that you can change your distribution annually. It is difficult to impossible to change the deferral dates of money already ...
by Hyperborea
Fri May 05, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Calculus
Replies: 31
Views: 7413

Re: Early Retirement Calculus

You can run your numbers in Firecalc or one of the other simulators to see how you would do with other withdrawal rates. The problem with using the calculators such as Firecalc with 50 or 60 year periods is that you reduce the already small data set to a much smaller and potentially meaningless dat...
by Hyperborea
Tue Apr 18, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 863

Re: Which International Fund to Pick In 401K

In general it's better to make the maximum annual contributions to all available tax-protected accounts before starting a taxable investing account. In short don't open a taxable account just to try for a tax credit. Yeah, I agree. I was only suggesting putting the international outside the 401k if...
by Hyperborea
Tue Apr 18, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 863

Re: Which International Fund to Pick In 401K

You can't use the foreign tax paid by the funds against your taxes when they are inside a 401k/IRA/etc. Thanks Hyperborea, What do you mean by "foreign tax paid by the funds against your taxes" ? I am ignorant to this subject Thanks This refers to the fact that investments in internationa...
by Hyperborea
Tue Apr 18, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 863

Re: Which International Fund to Pick In 401K

If you have room in your taxable account then you might want to put the international funds there. You can't use the foreign tax paid by the funds against your taxes when they are inside a 401k/IRA/etc.
by Hyperborea
Mon Apr 17, 2017 2:23 am
Forum: Investing - Help with Personal Investments
Topic: NON-US (Ireland) ETFs - Simplified Ultimate Buy and Hold Porfolio
Replies: 71
Views: 12624

Re: NON-US (Ireland) ETFs - Simplified Ultimate Buy and Hold Porfolio

One could even consider reallocating some of the US ETF's to Irish ETF's when the total US amount near the 60k mark. The problem with that is that when you do so you will have to sell the US ETFs and that will generate capital gains. If in 10 years you have US$60-70K and decide that you want to mov...
by Hyperborea
Sat Apr 15, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: NON-US (Ireland) ETFs - Simplified Ultimate Buy and Hold Porfolio
Replies: 71
Views: 12624

Re: NON-US (Ireland) ETFs - Simplified Ultimate Buy and Hold Porfolio

Read the wikis. Search bogleheads. In short. Taxes. 100% VWRD. Simple, cheap, and well diversified. Non-USA investors should avoid USA domiciled funds. Why? I see the tax difference, but: not every country has the same regulation when it comes to taxes. For example; the Dutch have a tax treaty with...

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