Search found 456 matches

by bberris
Mon May 23, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement and IRA's and/or Soc Sec- Bridge the Gap
Replies: 21
Views: 2049

Re: Early Retirement and IRA's and/or Soc Sec- Bridge the Gap

What year do you turn 59.5? It is actually Jan 1 of that year. I suspect you will be that in 2018 which is only 19 months and you have two year cash in taxable and you are worrying about a non-existant problem. I thought it was the actual 59 1/2 date. Are you thinking about separation from service ...
by bberris
Fri May 20, 2016 9:10 pm
Forum: Investing - Theory, News & General
Topic: a new look at the size premium
Replies: 44
Views: 3706

Re: a new look at the size premium

Isn't the size premium merely a reflection of the greater risk and leverage in small companies? So I can get equivalently higher returns investing in large cap with leverage?
by bberris
Fri May 20, 2016 9:05 pm
Forum: Personal Consumer Issues
Topic: Is Chiropractic Medicine mumbo jumbo?
Replies: 10
Views: 1174

Re: Is Chiropractic Medicine mumbo jumbo?

gwrvmd wrote:$2,700 for injections? In most states chiropractors are not authorized to write prescriptions or give injections........Gordon

They are probably allowed to give saline injections and homeopathic remedies. You know, the drugs that have nothing in them.
by bberris
Wed May 18, 2016 7:26 pm
Forum: Personal Consumer Issues
Topic: Multi-destination trip---how to book
Replies: 10
Views: 859

Re: Multi-destination trip---how to book

I found that the fare on Asiana for Seoul to Yeosu was cheaper when I walked up to the ticket counter at the airport for the flight leaving in 1 h, than it was booking in advance from the US. I'm guessing this is normal, that local prices are much different from US. So if you are flexible you may no...
by bberris
Sun May 08, 2016 5:28 am
Forum: Investing - Theory, News & General
Topic: Indexed annuities
Replies: 32
Views: 2133

Re: Indexed annuities

The flaws are high commissions, high surrender fees, misrepresentative and reprehensible sales tactics, especially to seniors. Lastly, the product does nothing that an investor can't do themselves at little or no expense. By buying bonds and index options with the interest you effectively duplicate ...
by bberris
Thu May 05, 2016 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Does your 401k allow regular distributions?
Replies: 1
Views: 194

Does your 401k allow regular distributions?

I recently retired, and, liking my 401k at ML, thought I would keep it after retirement during the distribution part of my life. It turns out, according to them. I can keep my 401k there if I don't take withdrawals. But I can only distribute the entire account, as in rollover to ira. I had never hea...
by bberris
Mon May 02, 2016 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gains from sale of real estate
Replies: 15
Views: 1531

Re: Capital gains from sale of real estate

"...Does seller financing help me mathematically, from a tax standpoint? My take on it (analytically) is that all the gain is still taxed, it's just spread out...." Are you sure about that? It looks like you realize all the gain at closing and owe all the tax soon after. If you finance the...
by bberris
Mon May 02, 2016 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 26
Views: 3485

Re: Sue your employer over 401k

munemaker wrote:I am thinking that suing your employer may not be a good career move.

It may turn out to be a career move.
by bberris
Fri Apr 29, 2016 7:32 am
Forum: Personal Consumer Issues
Topic: Semi-Retirement and Mexico/Central America
Replies: 14
Views: 1543

Re: Semi-Retirement and Mexico/Central America

littlebird wrote:
WasabiOsbourne wrote: gentile retirement


I think the word you're looking for is "genteel".

Maybe he gave up his synagogue membership.
by bberris
Wed Apr 27, 2016 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Is this hidden fee an acceptable practice for a 401k Custodian?
Replies: 8
Views: 1243

Re: Is this hidden fee an acceptable practice for a 401k Custodian?

This reminds me of one of the Superman movies and the movie Office Space. In both, the crooks stole the fractional penny from each account adding up to millions. Turns out they were pikers compared to these guys.
by bberris
Tue Apr 26, 2016 5:17 am
Forum: Personal Finance (Not Investing)
Topic: Buyer's Fee in RE agent contract
Replies: 18
Views: 1858

Re: Buyer's Fee in RE agent contract

Maybe the agent can't negotiate it but I can. They can pay the $435 out of their pocket. The agent can choose their broker and I can choose my agent.
by bberris
Mon Apr 25, 2016 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Buyer's Fee in RE agent contract
Replies: 18
Views: 1858

Re: Buyer's Fee in RE agent contract

The fee is "administrative". Code for more profit for the brokerage. I was told that this fee goes to the brokerage, not the agent. This should have been disclosed to you in advance. If it wasn't in something you signed, I would decline to pay it. If it's not in writing with your signatur...
by bberris
Sun Apr 24, 2016 3:22 am
Forum: Personal Finance (Not Investing)
Topic: Buyer's Fee in RE agent contract
Replies: 18
Views: 1858

Re: Buyer's Fee in RE agent contract

The fee is "administrative". Code for more profit for the brokerage. I was told that this fee goes to the brokerage, not the agent.
by bberris
Sat Apr 23, 2016 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buyer's Fee in RE agent contract
Replies: 18
Views: 1858

Buyer's Fee in RE agent contract

How common is an additional buyer's fee (over commission)? Our agent was charging $435 to the buyer over what they received from the seller's agent split. Please chime in on your experience in the last two years.
by bberris
Fri Apr 22, 2016 11:59 am
Forum: Investing - Theory, News & General
Topic: James Dale Davidson's prediction of 2016 collapse
Replies: 42
Views: 4177

Re: James Dale Davidson's prediction of 2016 collapse

I have a theory that cranks predicting apocalypsi always use three names. Are there any exceptions?
by bberris
Fri Apr 22, 2016 4:34 am
Forum: Personal Consumer Issues
Topic: Shipping a small SUV from CA to GA
Replies: 9
Views: 955

Re: Shipping a small SUV from CA to GA

Maybe start here: http://www.edmunds.com/car-buying/how-to-ship-a-car-you-bought-online.html There are plenty of places to get on-line quotes for shipping. You'll want check reviews for any company you're looking at. And expect to take a lot longer than you expect. If you sign up for one of these, ...
by bberris
Wed Apr 20, 2016 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Realtor Etiquette?
Replies: 19
Views: 3241

Re: Realtor Etiquette?

Sometimes a realtor will reduce their commission in order to make a deal work. But it's frankly not his concern what the realtor receives, since the seller will pay the realtor. The buyer's contract with his agent requires him to pay the buyer's agent at closing. The seller's contract should spell ...
by bberris
Thu Mar 31, 2016 4:53 am
Forum: Personal Consumer Issues
Topic: Europe Trip in August
Replies: 99
Views: 5632

Re: Europe Trip in August

Approximately 30 people died tragically in Belgium. Everyday, 30 people are the victims of gun violence in the United States according to the Brady Center. I'd take your trip, enjoy Europe, and feel far safer there than you would be pretty much anywhere in the United States, but that's my two cents...
by bberris
Wed Mar 30, 2016 3:17 pm
Forum: Investing - Theory, News & General
Topic: part 2 of why glamour underperforms value
Replies: 2
Views: 419

Re: part 2 of why glamour underperforms value

http://www.etf.com/sections/index-investor-corner/swedroe-value-beats-glamour Hope you find it helpful Best wishes Larry Interesting focus on the assumption of P/E staying the same. I always attribute the underperformance of glamour to the lottery ticket aspect. People buy lottery tickets, and high...
by bberris
Tue Mar 29, 2016 4:40 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage assumption by heirs
Replies: 9
Views: 931

Re: Mortgage assumption by heirs

Your insurance policy will tell whether its owner-occupied, vacant, or rental.
by bberris
Mon Mar 28, 2016 6:50 am
Forum: Investing - Theory, News & General
Topic: Anyone else feeling a correction brewing?
Replies: 60
Views: 6343

Re: Anyone else feeling a correction brewing?

Correction Brewing? I knew it was only a matter of time until we had a prison-labor micro-brew!
by bberris
Sun Mar 27, 2016 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Annuity or Lump Sum surviving spouse benefit option
Replies: 11
Views: 840

Re: Annuity or Lump Sum surviving spouse benefit option

Remember in these decisions that you are dealing with professionals. They know the odds. Unless you have information that they don't (poor health, fatal illness) you should go with the annuity. I like the above idea about pricing an annuity, but the results are predictable.
by bberris
Thu Mar 24, 2016 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Dealer's Remorse at Schwab
Replies: 11
Views: 1925

Re: Dealer's Remorse at Schwab

sport wrote:My response would be to tell them that the dealer's mistake is not your problem. You should expect them to honor the terms they offered to you.

i'm guessing that the 59 page document you (OP) digitally signed when you opened your account allows the broker to correct mistakes.
by bberris
Wed Mar 23, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension - Joint Survivor Annuity
Replies: 41
Views: 2325

Re: Defined Benefit Pension - Joint Survivor Annuity

I think you mean actuarial instead of statistical. My company disclosure claims that all the annuity options are equivalent actuarially. Instead of thinking about what is optimum in terms of how much money you will get, think about what you need. Is your spouse going to have trouble if you die and h...
by bberris
Tue Mar 22, 2016 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a good idea? Chasing dividends...
Replies: 3
Views: 481

Re: Is this a good idea? Chasing dividends...

That's called dividend capture. It's legal, ethical, and nonsensical. The price of a stock goes down by the dividend after x-dividend. There is no dividend fairy.
by bberris
Tue Mar 22, 2016 5:01 am
Forum: Investing - Help with Personal Investments
Topic: Dividend tax withheld by foreign countries even in IRA?
Replies: 7
Views: 660

Re: Dividend tax withheld by foreign countries even in IRA?

You understand it correctly. There is no tax credit or refund for foreign tax withheld in an IRA. It's pants because you have to pay taxes when you withdraw from the IRA. Put the foreign taxed dividend equities in ROTH or taxable if it matters to you. Tax is withheld, and you get no tax credit in a...
by bberris
Mon Mar 21, 2016 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Mom's on Medicaid; dealing with credit card debts
Replies: 5
Views: 1084

Re: Mom's on Medicaid; dealing with credit card debts

I'm not sure that you can stop a lender from sending bills. You've done your best by telling them they won't get paid. The best course now is to do nothing. Make sure they don't have a connection to her checking account through electronic payments or such.
by bberris
Sun Mar 20, 2016 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Another medical billing surprise-Colonosocopy
Replies: 61
Views: 8300

Re: Another medical billing surprise-Colonosocopy

That's interesting. Since I'm a polyp factory (every time I've been screened they've found multiple polyps) I'm not likely to skip getting colonoscopies. I figure by now I'd be cancerous if not dead without this procedure. One more reason for getting supplemental insurance. I'm surprised so many pe...
by bberris
Fri Mar 18, 2016 5:24 am
Forum: Personal Finance (Not Investing)
Topic: Trying to squeak under limit for Obamacare Subsidy
Replies: 11
Views: 2112

Re: Trying to squeak under limit for Obamacare Subsidy

Is your health plan HSA compliant? Did you make your HSA contribution? It's not too late to make a 2015 contribution as well. And you don't need earned income to do it.
by bberris
Mon Mar 14, 2016 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Where to buy AD&D insurance after retirement?
Replies: 13
Views: 1103

Re: Where to buy AD&D insurance after retirement?

I'm planning for early retirement in the 40s in several years. I do have life insurance outside of my employment, but depend on my employer for AD&D insurance. I feel it's important to cover my "dismemberment" exposure in retirement since it's more frequent for people to become disabl...
by bberris
Wed Mar 02, 2016 10:53 am
Forum: Investing - Theory, News & General
Topic: Gold / Silver - small tactical allocation?
Replies: 44
Views: 3261

Re: Gold / Silver - small tactical allocation?

In the event of a zombie apocalypse:
I've watched every episode of "The Walking Dead" and I have yet to see any transactions in gold or silver. Or paper money.
by bberris
Tue Mar 01, 2016 4:14 pm
Forum: Investing - Theory, News & General
Topic: Could lending club be a Ponzi scheme, evaluating Risks other than typical loan defaults with p2p.
Replies: 24
Views: 2672

Re: Could lending club be a Ponzi scheme, evaluating Risks other than typical loan defaults with p2p.

I wonder how many borrowers pay off their existing Lending Club loans with new ones? That's not exactly a Ponzi, but it's the next worse thing.
by bberris
Mon Feb 29, 2016 6:02 am
Forum: Personal Finance (Not Investing)
Topic: State taxes, Municipal bond funds
Replies: 4
Views: 715

Re: State taxes, Municipal bond funds

I don't know if it's normal, but mine are held in a Scottrade account, and I have over 15 national closed end bond funds. The AMT portion is broken out. At the bottom of the 1099 they give the individual state percentage on each fund. This is the first year that information appeared, I previously ha...
by bberris
Wed Feb 24, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of putting aside 401k money for home purchase
Replies: 18
Views: 1685

Re: Thinking of putting aside 401k money for home purchase

Take the tax benefit of the 401k. Being in a HCOL city with no home, you have few, if any, avenues for reducing your taxes. Most plans allow you to borrow against your 401k for a home purchase, if that opportunity ever arises. The interest payments go back into your 401k. So consider the loan as pa...
by bberris
Thu Feb 11, 2016 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion About Preventing Theft of IRS Tax Data
Replies: 22
Views: 2014

Re: Confusion About Preventing Theft of IRS Tax Data

That doesn't help against ID theft: if a false return is filed, it will (falsely!) claim a refund. True but irrelevant. The fraudulent refund is stolen from the US Treasury, not from you. Minesweep's point is that he does not want to be due a refund, because it could be delayed due to fraud. You ca...
by bberris
Tue Feb 09, 2016 12:19 pm
Forum: Personal Consumer Issues
Topic: Mailing a US Passport in for Renewal
Replies: 19
Views: 1973

Re: Mailing a US Passport in for Renewal

I put a stamp on the envelope, after weighing in with my kitchen balance. The passport agency sent the new one to me the same way, but without a stamp.
by bberris
Tue Feb 09, 2016 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Tips on how to get the most of my yearly performance review?
Replies: 28
Views: 3138

Re: Tips on how to get the most of my yearly performance review?

As Illini says, don't get your hopes up for anything meaningful. Real decisions are made elsewhere.
by bberris
Tue Feb 02, 2016 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Structured Products - Protected Principal. Is this a good investment ever?
Replies: 7
Views: 335

Re: Structured Products - Protected Principal. Is this a good investment ever?

No merit. None. Nada. If you really like the concept, structure it yourself. All they've done is buy a put option at 10 % under, and a call option to provide the unlimited upside.
by bberris
Tue Jan 26, 2016 10:31 am
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 11184

Re: What is your favorite Financial Quote or Metaphor??

"... ‘Don’t gamble’; take all your savings and buy some good stock, and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.”

- Will Rogers
by bberris
Fri Jan 22, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 4273

Re: What would a Boglehead do? (CC Debt Dilemma)

Sorry, I just don't get the emergency fund when you owe cc at 24 %. If you have an emergency after you've used your ready cash (real emergency, like dental or furnace repair) you can go back to the cards.
by bberris
Fri Jan 22, 2016 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Help with decision [Pension]
Replies: 18
Views: 1600

Re: Help with decision [Pension]

I don't know which one you want, but if you want to know if it's a good deal try pricing an annuity with a cola.
And if you are worried about both of you dying right away, most plans have a five year payment to your beneficiary.
by bberris
Wed Jan 13, 2016 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Foreign income
Replies: 6
Views: 678

Re: Foreign income

I would appreciate your thoughts. I have income from consulting work in Canada, paid in Canadian dollars. Due to the currency exchange rate, I usually take a loss in the conversion to US Dollars (which is not considered a loss for tax purposes according to TurboTax.) Since I don't need the income t...
by bberris
Mon Jan 11, 2016 6:46 am
Forum: Personal Finance (Not Investing)
Topic: How to start retirement decumulation from 401k with social security delay
Replies: 12
Views: 1325

Re: How to start retirement decumulation from 401k with social security delay

One thing to consider is depending on your income sources up to 85% of your SS benefits could be taxed. So from 66 - 70 if all of your income is taxable, it might be worthwhile to compare tax expenses between taking SS benefits at 66 vs 70. No mater what, enjoy what the future has in store for you!...
by bberris
Sat Jan 09, 2016 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Post-Deductible FSA? Greatest thing since sliced bread?
Replies: 7
Views: 805

Re: Post-Deductible FSA? Greatest thing since sliced bread?

It's a limited purpose FSA. Dental, vision, and preventive care only. I believe the preventive care is new this year,
by bberris
Sat Jan 09, 2016 6:07 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct no longer handles sale of stock
Replies: 18
Views: 1907

Re: TaxAct no longer handles sale of stock

The plus version (middle) for $15 handles investment income. The state version is 15 more, but in LA you can efile by filling on line forms for free.
during the year, they offered a $10 price.
by bberris
Thu Jan 07, 2016 6:34 am
Forum: Investing - Theory, News & General
Topic: [Market] Correction...Corection...Correction
Replies: 103
Views: 10389

Re: CORRECTION...Corection...Correction

Both Roth's funded for 2016 over the last two days. That 1%-earning emergency fund is being cannibalized day after day of this "correction". Making me a little seasick in my 40s, but so it is. I'm not sure what you mean about your emergency fund, but you might want to recharacterize your ...
by bberris
Mon Jan 04, 2016 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Replacing some total-stock funds with high yield muni funds
Replies: 24
Views: 2061

Re: Replacing some total-stock funds with high yield muni funds

You need to be very careful with closed end funds. Specifically, NIO is slated to merge with NVG. NIO is at 9 % discount, NVG 11.4. The merger will blend the funds at NAV so buying NIO now would book you for a 2.4 % loss. Look at all 4 funds involved. More information at Nuveen.com
by bberris
Thu Dec 24, 2015 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Is maxing out my 401k a bad idea?
Replies: 14
Views: 2215

Re: Is maxing out my 401k a bad idea?

I didn't say never contribute to a 401k, just that it depends. And a high cost 401k can tip the balance Dividends and capital gains can be taxed at 0 % with rather high incomes. Married couple, two kids, with maximum 401k and HSA contributions taking the standard deduction : 12,600 std ded 12,000 pe...
by bberris
Thu Dec 24, 2015 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Is maxing out my 401k a bad idea?
Replies: 14
Views: 2215

Re: Is maxing out my 401k a bad idea?

Even if your marginal rate is higher than your current, not all of your 401k withdrawals will necessarily be at that marginal rate. But most of the advice posted here exaggerates the benefit of tax deferral, and ignores the benefits of low current tax rates on dividends and capital gains for assets ...

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