Search found 546 matches

by bberris
Fri Dec 09, 2016 11:25 am
Forum: Investing - Theory, News & General
Topic: Global bonds suffer worst monthly meltdown, cause for concern?
Replies: 46
Views: 6085

Re: Global bonds suffer worst monthly meltdown, cause for concern?

SEC yield is not just a "math" thing. (ok some math is involved) When bonds are priced at a premium to face value, the distribution yield overstates the true, fair, SEC yield.
by bberris
Thu Dec 08, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: USA-NRA Investing: TBM vs 1yr CD in non-USA Bank
Replies: 4
Views: 336

Re: USA-NRA Investing: TBM vs 1yr CD in non-USA Bank

Wrong. Following that reasoning, all investments have zero risk.
Oh sorry for being from the USA. Do you have deposit insurance in Costa Rica for domestic banks?
by bberris
Tue Dec 06, 2016 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: USA-NRA Investing: TBM vs 1yr CD in non-USA Bank
Replies: 4
Views: 336

Re: USA-NRA Investing: TBM vs 1yr CD in non-USA Bank

Take the FDIC insured CD. Take risk in the stock portfolio, not in the bond-equivalent (CD) portion.
I could not imagine buying a private-bank CD. There are also brokered CD's that you could look at, FDIC insured, some from foreign banks operating in the US.
by bberris
Tue Nov 29, 2016 9:23 am
Forum: Personal Finance (Not Investing)
Topic: State income tax when withdrawing a pension
Replies: 3
Views: 545

Re: State income tax when withdrawing a pension

Make sure that you sever all ties with the taxing state. There are plenty of threads about a former residence state pursuing people who relocate. States want to continue to tax when they think you are temporarily gone and plan to return (because you still have a house there, for example.)
by bberris
Fri Nov 25, 2016 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Are cap gains taxed on tax free muni bonds when sold in a taxable accout?
Replies: 8
Views: 543

Re: Are cap gains taxed on tax free muni bonds when sold in a taxable accout?

There are many situations in which nominally tax-free interest becomes taxed. Two prominent examples are ACA subsidy loss, and taxation of social security benefits.
by bberris
Wed Nov 23, 2016 8:38 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct having a cyber Monday sale preorder
Replies: 2
Views: 451

TaxAct having a cyber Monday sale preorder

They are calling it a cybermonday sale but it's on now.
You can lock in a low price. I don't work for them, but I like the product. It also has a nice planning tool.

$10.50 for Plus (for investors)
by bberris
Wed Nov 23, 2016 8:04 am
Forum: Personal Finance (Not Investing)
Topic: From no state-tax to state-tax
Replies: 26
Views: 2325

Re: From no state-tax to state-tax

I'm guessing a very large multinational oil company, sort of a tiger, transferred the OP. I've heard they don't ask your opinion about whether it is good or not. Have you asked for additional compensation for the higher cost of living?
by bberris
Tue Nov 22, 2016 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone do tax loss harvesting??
Replies: 25
Views: 1527

Re: Why would anyone do tax loss harvesting??

Indeed, one should only buy stocks that go up.
by bberris
Tue Nov 22, 2016 11:33 am
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 187
Views: 15104

Re: Retreat to cash

Maybe you could find another outlet for your political expression that would not sabotage your future.
by bberris
Tue Nov 22, 2016 11:04 am
Forum: Personal Consumer Issues
Topic: Cab driver turned down a tip??
Replies: 19
Views: 3513

Re: Cab driver turned down a tip??

Perhaps there were financial reasons behind refusing a tip. He may have wanted to keep within his existing tax bracket, he may have wanted to limit his income for purposes of the ACA, or maybe he wanted to stay within the income limits for a direct Roth contribution. Keeping within a tax bracket ma...
by bberris
Tue Nov 22, 2016 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Should I harvest a loss in a bond fund?
Replies: 4
Views: 568

Re: Should I harvest a loss in a bond fund?

You don't need to wait 30 days, just buy a different bond fund.
by bberris
Fri Nov 18, 2016 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Insurance policy fund choices/policy rep. comments
Replies: 3
Views: 219

Re: Insurance policy fund choices/policy rep. comments

Hello, I own an insurance policy and I noted the fees for the investment vehicle for this policy. The fees for the mutual fund (active management) are arounfd1%. I asked my representative for a list of investment vehicles and they do offer some index products. I thought I would say his comments on ...
by bberris
Thu Nov 17, 2016 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Gifting
Replies: 5
Views: 679

Re: Gifting

Careful, you have to file a gift tax return if you are splitting the gift with spouse. In effect, if you want to take advantage of both persons exclusion to give 28,000 total in one year, you need to file a return. So even though both gifts are each under the 14,000 limit, and the total would not co...
by bberris
Wed Nov 16, 2016 4:34 pm
Forum: Investing - Theory, News & General
Topic: Non publicly traded REIT buyback offer
Replies: 14
Views: 1268

Re: Non publicly traded REIT buyback offer

When a Reit issues a tender offer, they are probably paying less than it is worth. Valuing a non-traded reit is not an exact science. Commercial properties are often unique. On the other hand the buyer is not the operator of the reit, it is the reit itself. They are using funds in the trust (or borr...
by bberris
Wed Nov 16, 2016 9:34 am
Forum: Investing - Theory, News & General
Topic: Non publicly traded REIT buyback offer
Replies: 14
Views: 1268

Re: Non publicly traded REIT buyback offer

When these questions appear, it confirms that we need the fiduciary rule. These were obviously sold to people who didn't understand what they were buying, and there were much better alternatives available.
by bberris
Wed Nov 16, 2016 9:20 am
Forum: Investing - Theory, News & General
Topic: Non publicly traded REIT buyback offer
Replies: 14
Views: 1268

Re: Non publicly traded REIT buyback offer

I am having trouble, too like Kelly above. The buyback offer is between $2.94 and $2.45 in $0.07 increments. You check the price you want to tender your shares. My statement reflects a current market price of $3.14/share. When I called Inventrust, they said their Board was given a secondary market ...
by bberris
Mon Nov 14, 2016 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Oops - Didn't Report Cap Gains as Income for PTC
Replies: 12
Views: 822

Re: Oops - Didn't Report Cap Gains as Income for PTC

Would it help to stop IRA distributions now and perhaps put back those which are under 60 days old (last two months)? Great idea but I spent all of my taxable money on the house and expense until that well went dry and now I am living off of my IRA distributions. Thanks. Then borrow it. It has to b...
by bberris
Sat Nov 12, 2016 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Oops - Didn't Report Cap Gains as Income for PTC
Replies: 12
Views: 822

Re: Oops - Didn't Report Cap Gains as Income for PTC

Is your plan HSA compliant? Will making an HSA deposit get you under the cliff?
Other than that and capital loss, I think you are sol.
by bberris
Fri Nov 11, 2016 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sales with HSA?
Replies: 6
Views: 603

Re: Wash sales with HSA?

The thing about the IRS is that not everything specifically outlawed is legal. In general, you can expect auditors to be skeptical of transactions that have no purpose except to reduce your taxes. In any case, individual trades in 401k and HSA accounts are not reported to the IRS. I don't mean to su...
by bberris
Thu Nov 10, 2016 8:44 am
Forum: Personal Finance (Not Investing)
Topic: ACA prescription drug coverage appeal
Replies: 12
Views: 904

Re: ACA prescription drug coverage appeal

If your appeals do not work out, consider going to our northern neighbor. I have saved huge amounts by buying some expensive drugs there. Even thought hey were covered by my plan, the cost was still 3x higher than what U could buy it for from Canada. In case it wasn't obvious, you don't have to dri...
by bberris
Wed Nov 09, 2016 8:57 am
Forum: Investing - Help with Personal Investments
Topic: 401K Loan Repayment
Replies: 5
Views: 448

Re: 401K Loan Repayment

I bought a new home and sold my old home at the same time. I used a 401K loan in place of a bridge loan to cover my down payment until my old home sold. This entire process took about 40-45 days. I now have the entire sum of money ready to pay back, but given the recent developments should I pay it...
by bberris
Mon Nov 07, 2016 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-loss harvesting question
Replies: 7
Views: 814

Re: Tax-loss harvesting question

401k is not included in potential wash sale issues for tax loss harvesting. So far all I have seen is IRA accounts and taxable accounts are included. I believe this is completely false. Feel fee to post the IRS document listing 401k for wash sales (hint, IRA's are explicitly included). It has been ...
by bberris
Mon Nov 07, 2016 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA subsidies not available if elgible for Cobra?
Replies: 15
Views: 1457

Re: 2017 ACA subsidies not available if elgible for Cobra?

Question: Once my employer healthcare coverage runs out in March 2017, I can go on ACA/Obamacare instead of COBRA under the "special enrollment" period for 2017. Is that accurate? Yes, that is accurate. And you get to pay another deductible. Consider starting your new plan on Jan 1 if you...
by bberris
Sun Nov 06, 2016 7:11 am
Forum: Personal Consumer Issues
Topic: google phone project fi
Replies: 37
Views: 3816

Re: google phone project fi

Google Phone luxus 5x Anyone use google project fi luxus 5x phone or some experience I'm using the google carrier project fi with luxus 5x phone But the the signal is very bad,and phone cuts off middle of talking,and sender can not hear from me .im very disappointing, I'm thinking to switch to anot...
by bberris
Sat Nov 05, 2016 9:54 pm
Forum: Investing - Theory, News & General
Topic: Individual stocks that are sound w/ indexing
Replies: 84
Views: 5384

Re: Individual stocks that are sound w/ indexing

I hold 3 shares of APPL and 5 shares of TSLA. I also contribute 100 bucks a month to an ExxonMobil DRIP. Apple's visionary is dead. Tesla's visionary has stated emphatically that he believes we are all probably living in a simulation! This makes me VERY nervous about his mental state and continued ...
by bberris
Sat Nov 05, 2016 6:50 am
Forum: Personal Finance (Not Investing)
Topic: ACA income shuffle
Replies: 33
Views: 3234

Re: ACA income shuffle

I guess this is what happens when the subsidy is determined only by income and not by assets. Things like the FAFSA and Medicaid are annoyingly complex, but at least they look at both of these two mostly fungible assets. Part of me (the cynical side) is starting to think that it was intentional. Bu...
by bberris
Fri Nov 04, 2016 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: ACA income shuffle
Replies: 33
Views: 3234

Re: ACA income shuffle

Da5id wrote:You should just make sure any moves you make to avoid the higher premiums don't leave you worse off net.

....


Very unlikely. The subsidy is worth $14,000 to my family this year.
by bberris
Fri Nov 04, 2016 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Tax on short term and long term gains in taxable account
Replies: 6
Views: 615

Re: Tax on short term and long term gains in taxable account

Short term or long term loss does not matter. Up to 3,000 of it reduces your taxable income. If you have more losses than that, the remainder can be used in future years to offset capital gains (unlimited) or to reduce income up to 3,000 until it is used up. If you die, the capital loss carry forwar...
by bberris
Thu Nov 03, 2016 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: ACA income shuffle
Replies: 33
Views: 3234

Re: ACA income shuffle

Pay no attention to accusations of gaming the system. We had nothing to do with setting the rules. And the taxes paid to support obamacare will not be lowered if you don't play the obamacare game. Remember that capital gains count as obamacare income, as does tax-free bond income. You can deduct hsa...
by bberris
Thu Nov 03, 2016 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Why do people use banks?
Replies: 66
Views: 5495

Re: Why do people use banks?

Don't confuse "non-profit" with a good deal. Non-profits do not have to sell at cost. Even if they did, salaries could sop up the profit margin. And non-profits are allowed to accumulate earnings. They call them "surplus earnings". It is not a profit only in that it is not taxable.
by bberris
Wed Nov 02, 2016 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Homeowner in default passes - who pays?
Replies: 20
Views: 2213

Re: Homeowner in default passes - who pays?

Debt dies with him. You can refuse the house, and it will be foreclosed anyway so you won't be burdened by it. If he is still of sound mind, have him change the will to ease your mind. It sounds like there will be no residual estate anyway. To help him, pay his costs directly from your account, don'...
by bberris
Wed Nov 02, 2016 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Commission Free ETFs and different Brokers
Replies: 21
Views: 1029

Re: Commission Free ETFs and different Brokers

The broker should be able to give you an alert when an etf is going to be removed. I checked TDA alerts and none of them relate to commission free etfs.
by bberris
Mon Oct 31, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance rates went up
Replies: 155
Views: 11863

Re: Health Insurance rates went up

The question is, what if there is only one silver plan? There's probably some rule about how that's handled, but I don't think that's likely to ever happen. Each insurer usually offers several plans at each metal level. .... The spamming comes into play because one insurer doesn't know the premiums...
by bberris
Mon Oct 31, 2016 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance rates went up
Replies: 155
Views: 11863

Re: Health Insurance rates went up

Yes, subsidies go up as rates go up. The formula is that the 2nd cheapest silver plan premium is 9.6 % of your magi when you are under 4x federal poverty limit (64,080 for 2 people in 2017). You lose all subsidy over the cliff. The question is, what if there is only one silver plan? The subsidy does...
by bberris
Sat Oct 29, 2016 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Paying Taxes if You're UHNW [Ultra High Net Worth]
Replies: 73
Views: 10852

Re: How to Avoid Paying Taxes if You're UHNW

A few remarks after playing with this on a spreadsheet. ... 7) Although using leverage is like giving someone a loaded revolver, the truth is that applied intelligently and cautiously and used in appropriate cases, this looks like a better nest egg harvesting strategy, even for the non-UHNW. A pers...
by bberris
Tue Oct 25, 2016 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Dental 'Discount Plans' for uninsured
Replies: 22
Views: 1731

Re: Dental 'Discount Plans' for uninsured

Also be aware that dental insurance will not pay for an existing condition. No problem with a dental discount plan.
by bberris
Mon Oct 24, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Paying Taxes if You're UHNW [Ultra High Net Worth]
Replies: 73
Views: 10852

Re: How to Avoid Paying Taxes if You're UHNW

But such borrowing increases the risk of the portfolio. If every year you take out a loan equivalent to 3% of your portfolio, the loan is 34% of the worth of the portfolio after 10 years; this ignores interest. And appreciation. If your portfolio doubles over the time period, you are looking at say...
by bberris
Mon Oct 24, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Paying Taxes if You're UHNW [Ultra High Net Worth]
Replies: 73
Views: 10852

Re: How to Avoid Paying Taxes if You're UHNW

Margin interest is more or less tax deductible. Asset based loans aren't. The deductibility of the interest has to do with what you use the loan for more than what the collateral is. A margin-based withdrawal, ie cashing out some equity from a fully paid up stock portfolio and leaving it now on mar...
by bberris
Sun Oct 23, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Paying Taxes if You're UHNW [Ultra High Net Worth]
Replies: 73
Views: 10852

Re: How to Avoid Paying Taxes if You're UHNW

I guess the confusion results from a question that I don't know the answer to. When you die, can you pass the entire portfolio to your heirs with the margin debt attached? In that case, your heirs get the step up basis and don't pay capital gains tax. On the other hand, if the debt has to be paid by...
by bberris
Sun Oct 23, 2016 7:21 am
Forum: Investing - Help with Personal Investments
Topic: HSA>TD Ameritrade>questions
Replies: 12
Views: 707

Re: HSA>TD Ameritrade>questions

I had not a clue about the commission free EFT program at TDA. I've wasted quite a few $ on trades over the past year. THANK YOU all for the quick advice.I'll stick with my lazy 4 (BND, BNDX, VTI and VXUS). If I was going to to start using a Target Date fund--is making the allocation more agreesive...
by bberris
Sat Oct 22, 2016 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Paying Taxes if You're UHNW [Ultra High Net Worth]
Replies: 73
Views: 10852

Re: How to Avoid Paying Taxes if You're UHNW

These are not margin loans. This is called securities based lending. It is a useful tax avoidance strategy. Call it anything you want, its a margin loan. Its kind of like when whole life got a bad name, they started marketing it as bank on yourself. Whether you buy the securities first with cash, a...
by bberris
Sat Oct 22, 2016 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: HSA>TD Ameritrade>questions
Replies: 12
Views: 707

Re: HSA>TD Ameritrade>questions

You have to sign up for free etf trading.
by bberris
Sat Oct 22, 2016 11:50 am
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Paying Taxes if You're UHNW [Ultra High Net Worth]
Replies: 73
Views: 10852

Re: How to Avoid Paying Taxes if You're UHNW

A few random comments: ... 2) The brokerages analyze every security in your portfolio and limit their margin lending against each one individually. Believe me, they give themselves a wide margin of safety because they force you to sell (or will sell on your behalf if you do nothing) to maintain tha...
by bberris
Sat Oct 22, 2016 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Home Insurance Quote and SS Number
Replies: 5
Views: 664

Re: Home Insurance Quote and SS Number

More important than your credit rating, they are looking at the CLUE database for claims history.

If you want to know how much your car insurance company paid to make a fraudulent claim go away, check your records on clue.
by bberris
Fri Oct 21, 2016 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Paying Taxes if You're UHNW [Ultra High Net Worth]
Replies: 73
Views: 10852

Re: How to Avoid Paying Taxes if You're UHNW

Anyone tried to negotiate their margin rates at one of these brokerages by holding an ad from IB? Scottrade charges 8 %. I always intended to use my taxable account to fund retirement. Unfortunately, I now have too much capital gains :D to make sufficient withdrawals without risking the obamacare cl...
by bberris
Fri Oct 21, 2016 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare costs and self funding
Replies: 96
Views: 6302

Re: Healthcare costs and self funding

Hopefully someone can explain this, but I thought with the elimination of pre-existing conditions a chronic illness could be handled by signing up for health coverage when needed - for example if diagnosed with cancer. Obviously this would not work with acute life or death type emergencies, but why...
by bberris
Wed Oct 19, 2016 5:59 am
Forum: Investing - Theory, News & General
Topic: The riskiness of home ownership
Replies: 239
Views: 15492

Re: The riskiness of home ownership

mouses wrote:I've never bought a house as an investment, rather as a home.

The housing market doesn't care about your intentions. You still are choosing between renting and buying, and there are consequences.
by bberris
Tue Oct 18, 2016 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage payments over 40% of income
Replies: 8
Views: 2028

Re: Mortgage payments over 40% of income

You can use your investments to fund a larger down payment so that smaller payments allow you to qualify for the loan. You were planning to use your investments to fund the payments, so you may as well liquify at the start instead.
by bberris
Mon Oct 17, 2016 6:41 am
Forum: Personal Finance (Not Investing)
Topic: QDRO advice [Qualified domestic relations order]
Replies: 6
Views: 806

Re: QDRO advice [Qualified domestic relations order]

QDROs not only require atty fee, but the plan administrator will charge a flat fee on top of that. For us about 10 years ago it was $800. Thanks Merrill Lynch!
You probably won't pay a fee to divide IRAs. Ask the trustee.
by bberris
Thu Oct 13, 2016 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Obtaining Health Insurance as a retiree (esp. Missouri)
Replies: 12
Views: 999

Re: Obtaining Health Insurance as a retiree (esp. Missouri)

The cost of COBRA will be whatever you and your employer paid for health care, + about 2 %. They should have informed you of their cost.
It will of course go up each year.

Go to advanced search