Search found 472 matches

by bberris
Thu Jul 21, 2016 8:13 am
Forum: Personal Consumer Issues
Topic: London theatre tickets
Replies: 10
Views: 654

Re: London theatre tickets

You should check out the plays off of the West End. Smaller venues, much cheaper, no big stars.
This place was fun, but I'm sure there are many others:
http://www.upstairsatthegatehouse.com/

Above a nice pub.
by bberris
Wed Jul 20, 2016 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Immediate annuities and my retirement plan
Replies: 48
Views: 4064

Re: Immediate annuities and my retirement plan

Thanks for responding. I'll be 59 this November. Yes she is 60. I want to collect SS at 62.5. This is definitely not the optimal plan. Delaying Social Security is tantamount to buying an (very high-quality!) annuity: you get a higher guaranteed, inflation-indexed payout for life. It turns out that ...
by bberris
Tue Jul 19, 2016 7:25 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Term Life
Replies: 14
Views: 996

Re: State Farm Term Life

In the thread, it was mentioned that few keep level term all through the level premium period. At the risk of a thread hijack, I want to discuss keeping level term policies till end of term. I was recently considering dropping my term policy in its last year at age 60 because I retired. I am paying ...
by bberris
Sun Jul 10, 2016 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Selling municipal bonds before maturity
Replies: 21
Views: 975

Re: Selling municipal bonds before maturity

It's a good time to sell bonds. Many muni's are selling at sizable premiums. Perhaps sell a few and invest the cash into something with a higher tax adjusted YTM with the captured principal. I don't see how this could be true or possible (getting a higher interest rate). If the bonds are at a decen...
by bberris
Wed Jul 06, 2016 1:50 pm
Forum: Investing - Theory, News & General
Topic: Are zero interest rates the natural order of things?
Replies: 14
Views: 1116

Re: Are zero interest rates the natural order of things?

There is that school of thought. When you hear people complain about central bank oppression, they are really talking about activities that raise the rate from zero (where it would be) in the absence of central bank draining liquidity. You can read about the theory here: http://www.cfeps.org/pubs/wp...
by bberris
Tue Jun 28, 2016 9:59 am
Forum: Personal Consumer Issues
Topic: Cost of SIM card
Replies: 17
Views: 1343

Re: Cost of SIM card

You need to go to a network-owned store to get a free sim. A random mall shop selling all services is going to charge you.
by bberris
Sun Jun 19, 2016 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Are there any instances when permanent life insurance is appropriate?
Replies: 26
Views: 1950

Re: Are there any instances when permanent life insurance is appropriate?

Yes there are some places where the asset protection of whole life is useful. Think Tony Soprano.
by bberris
Thu Jun 16, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: What happens to European bonds if the euro starts to fail?
Replies: 43
Views: 2342

Re: What happens to European bonds if the euro starts to fail?

If there is a Brexit, an impetus could be provided for more countries to leave the EU. Some of these may, in a worst case scenario, be eurozone countries like France. What would happen to Eurozone government bond index funds and ETFs in such a scenario? How would a eurozone Boglehead hedge against ...
by bberris
Sun Jun 12, 2016 9:24 am
Forum: Investing - Theory, News & General
Topic: Advisor tells the truth
Replies: 33
Views: 4198

Re: Advisor tells the truth

The above reference to 1% in yearly fees equating to taking 25%-33% of someone's assets is based on the assumption that a portfolio doesn't grow at all over the next three to four decades. ..... Maybe so but the focus on assets is not the issue. If your safe withdrawal rate is 4 %, taking 1 % of as...
by bberris
Sat Jun 11, 2016 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to best afford IVF
Replies: 53
Views: 4505

Re: How to best afford IVF

In Mexico, $4,000.
by bberris
Mon Jun 06, 2016 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Lending Club desperate for investors?
Replies: 63
Views: 5739

Re: Lending Club desperate for investors?

[/quote] ... I had (mis) understood that if you made a loan via the LC platform, and the borrower defaulted, you could claim from that borrower. Legally you had loaned them the money and you had creditor rights. This is apparently not the case. You have lent LC money, and it lends them to all of its...
by bberris
Mon Jun 06, 2016 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Lending Club desperate for investors?
Replies: 63
Views: 5739

Re: Lending Club desperate for investors?

I don't have any data, but I believe most borrowers from P2P sources "pay off" their loans with new ones. I wonder why the nursing manager referred to in another post could not refinance her loan. That sort of anecdotal evidence leads (jumps?) me to the conclusion that P2P platforms need ...
by bberris
Sun Jun 05, 2016 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Lending Club desperate for investors?
Replies: 63
Views: 5739

Re: Lending Club desperate for investors?

I don't have any data, but I believe most borrowers from P2P sources "pay off" their loans with new ones. I wonder why the nursing manager referred to in another post could not refinance her loan. That sort of anecdotal evidence leads (jumps?) me to the conclusion that P2P platforms need ...
by bberris
Sun Jun 05, 2016 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Lending Club desperate for investors?
Replies: 63
Views: 5739

Re: Lending Club desperate for investors?

I don't have any data, but I believe most borrowers from P2P sources "pay off" their loans with new ones. I wonder why the nursing manager referred to in another post could not refinance her loan. That sort of anecdotal evidence leads (jumps?) me to the conclusion that P2P platforms need f...
by bberris
Fri Jun 03, 2016 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Question about starting in 401k and Divorce
Replies: 18
Views: 1607

Re: Question about starting in 401k and Divorce

Suggest getting advice from your attorney. There may be differences in which catagories of assets being split with the ex. Hypothetical example - put $2,000 under the mattress and you keep it all vs $3,000 (with the match) in the 401k and you keep half ($1,500). Simple answer in this example is tha...
by bberris
Fri Jun 03, 2016 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Question about starting in 401k and Divorce
Replies: 18
Views: 1607

Re: Question about starting in 401k and Divorce

First, turn off the Glenn Beck (or is it zerohedge) about decline of the dollar, inflation, and other nonsense. Second, it is not a pain to figure out the divorce split. Whether you live in a community property state, or an equitable-split state, the result is the same. You just tell the plan admini...
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: 2211

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: 4073

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: 1238

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: 964

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: 2299

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: 215

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: 1596

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: 3593

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: 1633

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: 1322

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: 1927

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: 1927

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: 1927

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: 1927

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: 5032

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: 1001

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: 3339

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: 5965

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: 444

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: 967

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: 6556

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: 890

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: 1990

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: 2438

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: 507

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: 721

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: 1124

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: 8420

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: 2153

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: 1184

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: 3438

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: 2790

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: 731

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...

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