Search found 2213 matches

by MossySF
Thu Apr 19, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 9386

Re: Got hit with a $2800 Medical bill. Can I negotiate?

As a point of reference, my company's PPO plan is a $0 deductible plan. The average premium is $34K/yr per employee. ...(choke) (gasp) (choke)... Premiums are paid 100% by employer so nobody knows how crazy the costs are. If my company would let me pocket the difference on a HDHP with "just" $15K/yr...
by MossySF
Wed Apr 18, 2018 6:41 am
Forum: Investing - Theory, News & General
Topic: Tencent now largest non-US stock
Replies: 40
Views: 4518

Re: Tencent now largest non-US stock

That's the difference. In one case, it is a government actively encouraging specific accounting methods and practices for political reasons. In the other, it is individual companies breaking the law and, when caught, paying the price. Can't see the difference, there? Tencent currently has a higher ...
by MossySF
Wed Apr 18, 2018 12:38 am
Forum: Investing - Theory, News & General
Topic: Tencent now largest non-US stock
Replies: 40
Views: 4518

Re: Tencent now largest non-US stock

Tencent is more than just a social networking app. Facebook went the advertising/selling your info route to make money. Tencent went the route of allowing their platform to do everything: digital money, bank accounts, cds, mutual funds, shopping, games, government IDs online, ridesharing (taxi), ren...
by MossySF
Sat Apr 14, 2018 8:53 am
Forum: Investing - Theory, News & General
Topic: Why are expected returns so much lower than historical returns?
Replies: 153
Views: 8360

Re: Why are expected returns so much lower than historical returns?

It doesn't matter what the returns are. If returns are higher, your fellow investors (in the aggregate) will get more money also. If returns are lower, your fellow investors (in the aggregate) will get less money also. The only difference is the nominal number in your account will be different. The ...
by MossySF
Sat Apr 14, 2018 1:41 am
Forum: Personal Finance (Not Investing)
Topic: NJ passes law in response to SALT limits
Replies: 9
Views: 1975

Re: NJ passes law in response to SALT limits

Hmmm, I'm not sure if it's not worth it to try it if you get a more favorable result.

Afterall if it fails in court, you just owe what you would have owed plus interest.
by MossySF
Wed Apr 11, 2018 7:38 am
Forum: Investing - Theory, News & General
Topic: Why are business savings account rates so low?
Replies: 2
Views: 320

Re: Why are business savings account rates so low?

Hehe, businesses rarely have much cash on hand to earn interest -- seriously. It's usually churned in/out -- and often it's money borrowed or supplier credit. So they'd rather have other business banking services versus earning interest.
by MossySF
Thu Apr 05, 2018 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on Vanguard Muni Funds
Replies: 8
Views: 1031

Re: Taxes on Vanguard Muni Funds

Usually in tax programs when you enter interest or dividends, there will be 2 separate questions:

Is it tax exempt? -- Yes here for both
Is it also state tax exempt? -- Yes here for the CA one, No for the high yield one
by MossySF
Thu Mar 29, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8960

Re: What is the endgame for Millennials?

The endgame for the Millennials is to complain about the 2100's Centurials. :P :P :P
by MossySF
Mon Mar 26, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 11877

Re: Seasoned bogleheads repressing the thought of lower expected returns

http://www.efficientfrontier.com/ef/103/hell4.htm If you want to retire early, what matters is not how much you save, but how much more than everyone else you save. In a world where everyone saves as if they’re going to retire at fifty-five, or even at sixty-five, none can. So whether we get higher ...
by MossySF
Wed Mar 21, 2018 3:39 am
Forum: Investing - Theory, News & General
Topic: Could all of these "low expected returns over next 10 years" predictions be wrong?
Replies: 120
Views: 10903

Re: Could all of these "low expected returns over next 10 years" predictions be wrong?

It doesn't matter whether we get low returns or high returns. If we get low returns, your peers will get low returns also (on the aggregate). If we get high returns, so will your peers. Either case produces roughly the same effect. Sure the nominal dollar amounts are different but money amounts need...
by MossySF
Sun Mar 18, 2018 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tax return submitted, just got corrected Tax Information Statement
Replies: 6
Views: 1033

Re: Tax returen submitted, just got corrected Tax Information Statement

I've had the IRS just correct the numbers for me and adjust my tax owed/refunded without needing an extra 1040X. How do you do that? A few times, they'd just send a letter to me saying "this X amount is wrong". Those cases that were in my favor, they automatically increased my refund. Those that we...
by MossySF
Sun Mar 18, 2018 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Tax return submitted, just got corrected Tax Information Statement
Replies: 6
Views: 1033

Re: Tax returen submitted, just got corrected Tax Information Statement

I've had the IRS just correct the numbers for me and adjust my tax owed/refunded without needing an extra 1040X. The CA Franchise Tax Board though doesn't care whether dividends are qualified or not -- they all get taxed at the same rate -- so if the total amount didn't change, there will be no need...
by MossySF
Sun Mar 18, 2018 4:28 am
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 16493

Re: Bought house six months ago - now feeling like we're treading water and can't save money

Religious obligation? One can donate time. Jesus appreciates that just as much. Maybe the church doesn't Certain churches -- especially the big one in Utah -- get their donations from you via payroll deductions. It's an automatic minimum X% of your income -- you can only opt to increase the amount ...
by MossySF
Sat Mar 17, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 187
Views: 18760

Re: Those with high savings rate: why?

I get more gratification from learning something new or meeting some goal (piano, workouts, etc) than just buying stuff to keep up with the Jones. Which means my hobbies end up being pretty cheap.
by MossySF
Wed Mar 14, 2018 2:21 am
Forum: Investing - Help with Personal Investments
Topic: Help with how to respond to CP2000.
Replies: 26
Views: 2701

Re: Help with how to respond to CP2000.

They do answer the phones. You just will be on hold for a long time but it does happen. I've done this before ... called, they fixed the error in their system on the call and then sent me a new notice with the proper amount.
by MossySF
Mon Mar 12, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Moving back to the US after claiming FEIE for years
Replies: 7
Views: 760

Re: Moving back to the US after claiming FEIE for years

Once you get your passport, you don't ever have to return. We want to return though, but on our own terms. We just don't want to live there permanently. We don't want to live anywhere permanently. We live a nomadic lifestyle. Not saying you can't return. There's just no time in/out of the country r...
by MossySF
Mon Mar 12, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Moving back to the US after claiming FEIE for years
Replies: 7
Views: 760

Re: Moving back to the US after claiming FEIE for years

movingabroad wrote:
Mon Mar 12, 2018 10:32 pm
Thanks for bringing this to my attention. I thought after she got her citizenship and US passport after 3 years or so, we would have the freedom to come and go as we please, so long as she returned to the US once a year.
Once you get your passport, you don't ever have to return.
by MossySF
Mon Mar 12, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 119
Views: 10884

Re: TaxAct and alternatives

I used to use TaxAct desktop back when it was the cheap option. But starting a few years ago, I got rid of all my Windows machines so I've had to use TaxAct online. Ugh, their website is so slow but I ploddingly made it through each time. I've started a quick test now on FreeTaxUSA and it's so much ...
by MossySF
Mon Mar 12, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: unable to claim Sch E loss for rental. 8582 limitation
Replies: 10
Views: 785

Re: unable to claim Sch E loss for rental. 8582 limitation

Join the club. This happens to many people who live in high COL areas. A person working in tech is often over the limit by themself and then add in a possible partner's income. I'm running the numbers now -- seems like paying off the mortgage is the only option. That way without the mortgage interes...
by MossySF
Sun Mar 11, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2 (US & Canada)
Replies: 5
Views: 374

Re: 1099 vs W2 (US & Canada)

If a Canadian company doesn't have a U.S. subsidiary to do the hiring, the W2 option is out the window anyways.
by MossySF
Sun Mar 11, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: Why International again?
Replies: 124
Views: 11898

Re: Why International again?

When you pick more than 1 asset class, you will ALWAYS underperform the person who happened to pick only the best class for that period. It's pure mathematics. The purpose of choosing International (or anything else) as an additional class to hold is to avoid putting all your money into the worst pe...
by MossySF
Thu Mar 08, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Can no longer invest in Vanguard admiral funds in Chase account. Suggestions?
Replies: 48
Views: 3865

Re: Can no longer invest in Vanguard admiral funds in Chase account. Suggestions?

You guys are lucky. I just tried to purchase some VTSAX in my self-directed IRA and the message I got was "This mutual fund is not available for purchase in your account (xxx)" I can buy the investor shares though. This is a Vanguard restriction. This was in the forum about 2 years ago how Index Ad...
by MossySF
Mon Mar 05, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: wild caught sockeye salmon
Replies: 27
Views: 2798

Re: wild caught sockeye salmon

I would not be surprised that wild fish had worms. I don't think that it has anything to do with Costco. Fish have parasites. It's happened to me. Bought fresh sockeye at local grocery and saw it worms. I have no idea if that was a refection of poor handling/storage at that grocery but now I only b...
by MossySF
Sat Feb 24, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: The Emerging Markets "lost decade" is over
Replies: 81
Views: 12566

Re: The Emerging Markets "lost decade" is over

Corruption is a big problem if you are trying to make individual small investments or start/do business in those countries. If you're just taking the entire market, corruption is priced already.

Now if you have moral issues investing in some of these countries, that's a perfectly valid reason.
by MossySF
Fri Feb 23, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 33981

Re: What if you only live off dividends?

If it's ok that dividends get cut from $50K to $25K during bad markets in a dividend-only approach ... then what's the difference from a $50K SWR approach where you decide to only sell $25K when the market is bad? Or instead of using a 2.5% dividend AA ... you use a 0% dividend AA and you sell 2.5% ...
by MossySF
Fri Feb 23, 2018 1:10 am
Forum: Investing - Theory, News & General
Topic: Staying Motivated: How do you ward off hopelessness?
Replies: 59
Views: 7357

Re: Staying Motivated: How do you ward off hopelessness?

Owning X (house, car, Rolex) is mostly consumption competition in your social circle.

Doing X is often more fulfilling .. but prepared to hear crickets.

In the end, we're all dead.
by MossySF
Sun Jan 07, 2018 10:58 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 19815

Re: Memo to those who have won the game: it's time to quit playing

The Falcons were up 28-3. The Warriors were up 3-1. The Thunder were up 3-1. The Indians were up 3-1.

You can leave the game but the game continues on until the clock hits 0:00.
by MossySF
Tue Dec 12, 2017 6:04 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 22033

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

There are billions of people in this world who cannot invest in what you and I can because of their nationality ... so cryptocurrencies are one of the few options they have. Are you serious? Uh yeah? There are many countries with currency controls. Even if the people of those countries wanted to in...
by MossySF
Mon Dec 11, 2017 8:43 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 22033

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

There are billions of people in this world who cannot invest in what you and I can because of their nationality ... so cryptocurrencies are one of the few options they have.
by MossySF
Fri Dec 08, 2017 3:34 am
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 17486

Re: A good friend has nearly $1M in BitCoin what do I tell him?

A rational person would have sold out at 100% profit ($10K). Of course, even if you go the "sell 50% route every X% gain" -- you would have no where near the 1.5M-2M the good friend has now. It takes an irrational person to hold during a $10K --> $1.5M upswing. Hence, there is no rational argument t...
by MossySF
Wed Dec 06, 2017 5:36 am
Forum: Personal Consumer Issues
Topic: New Chromebook user, loving it, quick question
Replies: 14
Views: 1648

Re: New Chromebook user, loving it, quick question

Chrome Web store has text editor apps.
by MossySF
Tue Nov 28, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 26606

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Dunno ... the plague has quite a lot more downside .

Put 1% in bitcoin and you might lose your 1%. That hurts but not-plague-like pain.
by MossySF
Wed Nov 15, 2017 8:19 pm
Forum: Personal Consumer Issues
Topic: ASUS Student Chromebook - thoughts?
Replies: 22
Views: 1440

Re: ASUS Student Chromebook - thoughts?

I don't think you can video Skype on a chromebook but I could be wrong about that. They do generally come with web cams. So there must be work arounds for video calling. But it isn't as convenient as say doing facetime on an iPad so if lots of video calls with the grandkids is desired an iPad might...
by MossySF
Wed Nov 15, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: Chromebook vs Windows 10?
Replies: 56
Views: 4182

Re: Chromebook vs Windows 10?

I have a flippable touchscreen one. The touchscreen is very useful when you want to run Android apps in tablet mode. Don't get a touchscreen for just regular laptop usage. It will ruin your habits -- you'll be touching the screen on TVs and regular monitors before remembering those things don't resp...
by MossySF
Sat Oct 21, 2017 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Annuities Bad Idea?
Replies: 20
Views: 1432

Re: Fixed Annuities Bad Idea?

A "fixed annuity" is a product like a CD offered by a bank. Except no FDIC insurance and you take a penalty for withdrawing money before 59.5. So it's only good for old folks who want a bit more interest and are willing to go with state-guarantee insurance instead of FDIC insurance in exchange for w...
by MossySF
Tue Oct 17, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds Now?
Replies: 33
Views: 3616

Re: Why would anyone buy long term bonds?

I held EDV Vanguard Extended Duration Treasury ETF (30-year) for quite a while and I used it as an aggressive rebalancing asset class against stocks & commodities. It was extremely volatile (+62% in 2011) and for my purposes -- non-stop rebalancing in retirement accounts w/ free trades -- it was a s...
by MossySF
Tue Oct 10, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 17393

Re: [Boglehead vs Mr Money Mustache philosophies]

You can get health insurance cheap -- if you're willing to live with super-targetted HMO plans where you must go to these X clinics/medical centers at all times. A bunch of our friends use these cheap plans and don't pay much. Intellectually, I know this planet cannot support everybody on it living ...
by MossySF
Mon Oct 09, 2017 7:35 am
Forum: Investing - Theory, News & General
Topic: business owner, what is your income from business and how did you get into successfully business, what's your networth?
Replies: 17
Views: 2741

Re: business owner, what is your income from business and how did you get into successfully business, what's your networ

Nice to see this. There are 3 main roads to wealth. Business ownership, real estate, and passive investing. Too many people reading these boards think the 3rd way is all that exists. Nobody here believes you can use passive investments to become "wealthy". Even the millions thrown around as project...
by MossySF
Sun Oct 08, 2017 8:59 am
Forum: Personal Consumer Issues
Topic: Simple Notebook/laptop
Replies: 58
Views: 3828

Re: Simple Notebook/laptop

I don't know, she lives overseas and I'm in the USA. All I know is that the new computer didn't work :? This could be a problem depending on the country. There are several countries around the world that block Google -- China for example. A Chromebook is impossible to use in Mainland China without ...
by MossySF
Sat Sep 30, 2017 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Question: Why do people put/keep millions of dollars in investment accounts?
Replies: 66
Views: 9257

Re: Question: Why do people put/keep millions of dollars in investment accounts?

I run a business in order to earn money to put into my investment accounts. And owning a business is like having 3 full-time jobs. If you want to be an absentee owner, uhh ... that's what stocks are for. What? You mean find some mom-n-pop small company looking for small-time investors? You might as ...
by MossySF
Thu Sep 28, 2017 1:09 am
Forum: Investing - Help with Personal Investments
Topic: I'm shocked! [Mother 100% in bonds and annuities]
Replies: 67
Views: 7344

Re: I'm shocked! [Mother 100% in bonds and annuities]

Annuities are mostly a bad word here but if it's a fixed annuity, it's mostly like a CD except for the following distinctions: 1) no FDIC insurance 2) penalties for cashing out if under 59 1/2 For an 87 retired person, #2 won't matter much. #1 could be an issue for large amounts but as long you as s...
by MossySF
Thu Sep 21, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 12058

Re: The Magic of Savings Rate

Let''s not argue about details you don't have much control over (taxes). In a developed country, you will be taxed. Why even bother considering that part of your income when you never even see it in your bank account?
by MossySF
Tue Sep 19, 2017 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 28428

Re: Calling out the not so rich bogleheads

OMG, if I posted my situation at 35, the forum moderators would tell me to remove it as it would be way too personal information for them to feel comfortable hosting. So to have $100K at 35 or so and on the upwards trajectory, be happy -- this is not a competition. No matter how much you have, how t...
by MossySF
Mon Sep 04, 2017 8:28 pm
Forum: Investing - Theory, News & General
Topic: China drops the Hammer on Cryptocurrencies
Replies: 23
Views: 3586

Re: China drops the Hammer on Cryptocurrencies

hilink73 wrote:
Mon Sep 04, 2017 12:32 pm
Next buy opportunity coming in.
China is not the world...
China is the primary driver of cryptocurrency because it is one of the few ways Chinese nationals can invest outside of their country.
by MossySF
Wed Jul 19, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 8621

Re: Would you let your teenager spend all his savings on a gaming computer?

I spent my youth building computers (PC days), soldering parts (pre-PC days where you had to make your own components), playing computer games, hacking computer games, communicating with others online (modem BBSes pre-Internet), writing computer programs, etc. After getting into computers, I stopped...
by MossySF
Sun Jul 16, 2017 8:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 175
Views: 23780

Re: Vanguard 403b Changes

Reality is this stuff (401k/403b admin/record-keeping) does cost money. Most of the time, you just don't know the costs being covered by the employer. (For our 401K, it's about $100 per employee.) The 403b structure itself seems a wacky in that record-keeping is separated out amongst the different f...
by MossySF
Sat Jul 15, 2017 11:37 pm
Forum: Personal Consumer Issues
Topic: Urgent 1st world problem [coffeemaker]
Replies: 48
Views: 4041

Re: Urgent 1st world problem [coffeemaker]

I use an expresso maker also. Making a huge pot of coffee seems a waste when I only need 1 or 2 cups per day. Instead, I use enough coffee grounds for 1 shot and just keep running water through until I have enough for a cup. Even diluted like this, the taste has way more flavor than making a drip pot.
by MossySF
Wed Jul 12, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign earned income exclusion for Corporations?
Replies: 4
Views: 318

Re: Foreign earned income exclusion for Corporations?

Regardless of how you are paid, you already can take the FEIE if you are outside of the U.S. ~330 days out of the year. Unless you make WAY over the ~100K FEIE deduction, it's unlikely going the foreign corporation route would be helpful. If you went the foreign corporation route, you'd have to get ...
by MossySF
Fri Jul 07, 2017 9:00 pm
Forum: Investing - Theory, News & General
Topic: Weak Evidence for International in Vanguard Research - Am I Missing Something?
Replies: 77
Views: 7446

Re: Weak Evidence for International in Vanguard Research - Am I Missing Something?

Here's my pet theory: People making their own specific AA decisions can direct as much money to U.S. as possible. But for Vanguard and the entire mutual fund industry as a whole, they absolutely must set a major allocation to international for any of their blended funds (target retirement, balanced,...