Search found 617 matches

by expat
Mon Feb 08, 2016 2:58 am
Forum: Investing - Theory, News & General
Topic: Why Invest in an International Index Fund?
Replies: 12
Views: 1526

Re: Why Invest in an International Index Fund?

visualguy wrote:
expat wrote:Buy low, sell high.


Would love to, but market timing is hard!


Timing isn't necessary just create an asset allocation and stick to it.
by expat
Mon Feb 08, 2016 2:41 am
Forum: Investing - Theory, News & General
Topic: Why Invest in an International Index Fund?
Replies: 12
Views: 1526

Re: Why Invest in an International Index Fund?

so what's the point again?


Buy low, sell high.
by expat
Tue Jan 05, 2016 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: When to leave day job
Replies: 38
Views: 4094

Re: When to leave day job

The time to leave your day job is when it starts to interfere with realizing the potential of your side business i.e. when the opportunity cost of spending time at work becomes too great

I would also recommend the book "The 4 hour work week".
by expat
Thu Dec 31, 2015 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Roll Call for Tax-Loss Harvesting Class of 2015
Replies: 62
Views: 2370

Re: Roll Call for Tax-Loss Harvesting Class of 2015

I TLH'd in 2009 and have not had to do it again because of the bull market.
by expat
Mon Dec 28, 2015 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: To dump a loser stock or not?
Replies: 20
Views: 1456

Re: To dump a loser stock or not?

Buy low and sell high.
by expat
Sat Dec 19, 2015 3:04 pm
Forum: Personal Consumer Issues
Topic: Christmas Time : How to not appear rude
Replies: 67
Views: 7302

Re: Christmas Time : How to not appear rude

Don't look a gift horse in the mouth.
by expat
Fri Dec 18, 2015 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: American UN employee confused about Roth options
Replies: 4
Views: 370

Re: American UN employee confused about Roth options

What makes this interesting is that if I'm only paying the taxes on my non-UN income, then I (I think) can convert my SEP IRA to a Roth and only count my non-UN income when figuring out the taxes on the conversion. (I have consulting income from this year too). I don't think you have this right. Yo...
by expat
Tue Dec 15, 2015 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Self-employed SEP IRA + Employer 401(k)?
Replies: 11
Views: 659

Re: Self-employed SEP IRA + Employer 401(k)?

I believe you can do this in your situation.

Your SEP + Employer's 401(k) + Roth = 20% of net business profit as employer contribution (max 53K) + 18K + 5500
by expat
Tue Dec 15, 2015 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: VTIAX having a terrible year [Vanguard Total International Stock Admiral]
Replies: 24
Views: 2977

Re: VTIAX having a terrible year [Vanguard Total International Stock Admiral]

Dec. 10, 2001: Warren Buffett on the stock market “To refer to a personal taste of mine, I’m going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the ‘Hallelujah Chorus’ in the Buffett household. When hamburgers go up in price, we weep. For most people, it’s the sam...
by expat
Mon Dec 14, 2015 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Desperately need advice - sold business, what now?
Replies: 17
Views: 1743

Re: Desperately need advice - sold business, what now?

And it is hard to find somewhere to put cash that will keep up with inflation.


There is hardly any inflation right now and if there is deflation, cash would generate real return.
by expat
Mon Dec 07, 2015 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Trustee now executor--Bank trust department
Replies: 5
Views: 451

Re: Trustee now executor--Bank trust department

>> I have yet to see the will or the trust document.

Have you requested them? You have the right to see both of these.
by expat
Tue Dec 01, 2015 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Advice - Primary Residence/1031 Exchange
Replies: 4
Views: 638

Re: Real Estate Advice - Primary Residence/1031 Exchange

>> Is there any other scenario where I could better shelter the profits?

Yes, the sale of a primary residence automatically gets an exclusion (up to a limit) from federal capital gains.
by expat
Tue Oct 27, 2015 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from inheritance?
Replies: 54
Views: 7137

Re: Walk away from inheritance?

(responding to expat): On the contrary, I think hiring a lawyer, as a CONSULTANT, may be a good idea. Again, the situation as presented by the OP here is rather confused. Perhaps the OP has a better sense of it in his own mind, perhaps not. But OP and his wife would probably benefit from a consulta...
by expat
Tue Oct 27, 2015 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from inheritance?
Replies: 54
Views: 7137

Re: Walk away from inheritance?

Don't hire a lawyer unless you are prepared to create a permanent rift in the family. If a lawyer gets involved, it will make it much worse.

Instead, you need a mediator or therapist who can help you communicate and get what you want from the controlling sibling.
by expat
Sun Oct 25, 2015 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Son had [bicycle] accident [- how to handle claim against him]
Replies: 68
Views: 5535

Re: Son had accident while on a shared bicycle

Your son caused the damage, he is responsible for making the car owner whole. +100. The rest just seems to be inflicting more damage on the injured party. The insurance company is responsible for making the car owner whole. If the son pays the claim, he will be making the insurance company whole.
by expat
Sun Oct 25, 2015 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Son had [bicycle] accident [- how to handle claim against him]
Replies: 68
Views: 5535

Re: Son had [bicycle] accident [- how to handle claim against him]

>> 3) Do nothing and wait for them to sue?

Wait 6 months and then offer them what, if anything, you think is fair.

And your son should let them know he is a student with no assets i.e. they have no chance of collecting a judgement if they were to sue which they aren't going to do anyway.
by expat
Sun Oct 18, 2015 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Potential estate dispute - relevant experiences?
Replies: 23
Views: 3321

Re: Potential estate dispute - relevant experiences?

I would not let it drag out whatever you do. If necessary, I would file a partition action to get it over with as quickly as possible.
by expat
Fri Oct 16, 2015 11:19 am
Forum: Personal Consumer Issues
Topic: Is The Bay Area Worth It?
Replies: 159
Views: 16193

Re: Is The Bay Area Worth It?

So overall, we got it pretty good where we are at.


If you are in a good situation now, no, it's not worth it. The fact that they are having to relocate workers here means it is getting overheated. Eventually, the job and housing markets will bust and you will have to deal with the consequences.
by expat
Tue Oct 13, 2015 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; "Should I stay or should I go now?"
Replies: 39
Views: 3828

Re: Military Retirement; "Should I stay or should I go now?"

A family member retired after 20 years in the military. He was completely lost, without purpose, and his pension did not cover his living expenses. He ended up in law enforcement. If you like, or can at least tolerate the military, I would stay at least until the kids are grown.
by expat
Sat Oct 10, 2015 5:21 pm
Forum: Personal Consumer Issues
Topic: Thinking of quitting job for a year of travel
Replies: 59
Views: 4859

Re: Thinking of quitting job for a year of travel

I do understand there is quite a bit of risk in what I am doing, and I could potentially come back jobless. Considering your field, if you are good, I would say there is zero risk of being jobless on your return. In fact, the challenge may be how to stay unemployed during your travels. You can deve...
by expat
Sat Oct 10, 2015 4:57 pm
Forum: Personal Consumer Issues
Topic: Thinking of quitting job for a year of travel
Replies: 59
Views: 4859

Re: Thinking of quitting job for a year of travel

I do understand there is quite a bit of risk in what I am doing, and I could potentially come back jobless. Considering your field, if you are good, I would say there is zero risk of being jobless on your return. In fact, the challenge may be how to stay unemployed during your travels. You can deve...
by expat
Sat Oct 10, 2015 3:08 pm
Forum: Personal Consumer Issues
Topic: Thinking of quitting job for a year of travel
Replies: 59
Views: 4859

Re: Thinking of quitting job for a year of travel

I did it in my 20s. I ignored the naysayers at the time who said there would be some terrible consequence for leaving a good job. It never happened.

It won't be the same when you are older and you may not be able to as easily.
by expat
Sat Aug 22, 2015 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Independent Contractor Tax Rate
Replies: 5
Views: 708

Re: Independent Contractor Tax Rate

The rate I use is my effective tax rate from the previous year.
by expat
Fri Aug 14, 2015 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Hows This Early Retirement Plan
Replies: 13
Views: 1688

Re: Hows This Early Retirement Plan

SEP IRA - 53K a year (For however long I have my side business)
401K Pre-Tax - 18K (Or Max Amount by IRS in future - Employer Matches %50 no limit)


I believe the sum total of these is limited to 53K.
by expat
Sun Aug 09, 2015 11:57 am
Forum: Investing - Theory, News & General
Topic: 3 Reasons to Rejoice Higher Interest Rates
Replies: 54
Views: 7545

Re: 3 Reasons to Rejoice Higher Interest Rates

With inflation so low, they are going to raise interest rates? The latest inflation rate for the United States is 0.1% through the 12 months ended June 2015 as published by the US government on July 17, 2015. The next update is scheduled for release on August 19, 2015 at 8:30 a.m. ET. It will offer ...
by expat
Tue Jun 09, 2015 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 7575

Re: Buying in Bay Area (redux)

As part of any bubble, your friends will be buying and telling you what a great deal it is and how you are missing out.

You won't hear from them when the bubble bursts.
by expat
Thu Apr 09, 2015 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Am I justified in being angry with executor?
Replies: 22
Views: 3858

Re: Am I justified in being angry with executor?

I don't want to talk to the executor because every time I do, he lies to me. He will tell us he will do something but never does it. It's a waste of my time to communicate with him and his paralegal is just as bad. If there was any way to get this out of his hands now, I would. You need to hire to ...
by expat
Thu Apr 09, 2015 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Am I justified in being angry with executor?
Replies: 22
Views: 3858

Re: Am I justified in being angry with executor?

I have asked when the estate can be closed and he tells me they are working on it. It sounds like the executor is doing a poor job of communicating with you. He is not giving you enough information. He should be providing you with specific reasons why the estate isn't closed and what step they are ...
by expat
Wed Apr 08, 2015 12:10 pm
Forum: Personal Consumer Issues
Topic: Vehicle Suggestions with 3 Kids
Replies: 41
Views: 3188

Re: Vehicle Suggestions with 3 Kids

Don't fight it, the only logical choice is a minivan... I'm fighting it. RAV4 and even a Corolla work just fine for transporting 3 kids around town. I recently rented a Nissan Sentra recently and there was enough room and plenty of truck space. For long road trips, I occasionally rent a minivan if ...
by expat
Wed Apr 08, 2015 12:24 am
Forum: Personal Finance (Not Investing)
Topic: When to give adult children their inheritance?
Replies: 57
Views: 8118

Re: When to give adult children their inheritance?

Who would be the trustee? They will be taking fees all those years.

I say that let the young have the wealth immediately.

If they lose it, they will have learned a lesson and will probably have the time to rebuild a sufficient retirement fund.
by expat
Wed Apr 08, 2015 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 13942

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

Rent and wait for the next housing crash.
by expat
Sun Apr 05, 2015 11:54 pm
Forum: Personal Consumer Issues
Topic: Help/advice with Europe trip (France+/-Greece)
Replies: 22
Views: 1683

Re: Help/advice with Europe trip (France+/-Greece)

If it is your first time to Paris, I would spend the entire trip there.

But, for a few days at the beach, I would skip Greece and instead take the TGV, which you can take from the center of Paris, to southern France for a few days in September to avoid the high season.
by expat
Thu Apr 02, 2015 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring wealth loophole
Replies: 17
Views: 3377

Re: Transferring wealth loophole

LadyGeek wrote:Discussions of dishonest behavior or bypassing the law are totally unacceptable.

The OP's question has been answered. This thread has run its course and is locked.


Thread unlocked, see below.


Trying to find a loophole is not dishonest.

A backdoor Roth IRA is a loophole.
by expat
Thu Mar 12, 2015 7:09 pm
Forum: Personal Consumer Issues
Topic: $600 night guard for teeth grinding, really?
Replies: 92
Views: 7803

Re: $600 night guard for teeth grinding, really?

I use a $40 OTC nightguard and prefer it to the $400 custom made one.
by expat
Mon Mar 02, 2015 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help- I keep investing my emergency fund in the stock market
Replies: 18
Views: 2618

Re: Help- I keep investing my emergency fund in the stock ma

spectec wrote:Sounds like you've fond an AA that you're comfortable with.


Sounds like they don't have an asset allocation to me.
by expat
Mon Feb 02, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to fire a client? [software ownership issues]
Replies: 69
Views: 5558

Re: How to fire a client? [software ownership issues]

IMO, you are over-thinking this.

Hand over the source code and then say you are too busy.
by expat
Tue Dec 30, 2014 3:07 am
Forum: Personal Finance (Not Investing)
Topic: Should I do a 25 year refinance?
Replies: 13
Views: 912

Re: Should I do a 25 year refinance?

The calculator at bank rate says a 410k mortgage fixed at 5% for 30 years has a principal and interest payment of $2,200.97. I say again, something is off with your numbers. You're right. :oops: This 2029= 454 +1575 should have read 2215= 640 +1575 454 was the escrow amount that I mistook for princ...
by expat
Mon Dec 29, 2014 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do a 25 year refinance?
Replies: 13
Views: 912

Re: Should I do a 25 year refinance?

This seems like a no brainer to me. Your mortgage would be paid off at the same time it is currently and you will pay less interest. I would keep paying your current payment of $2,029 as well, which would send $8 extra to principal each month. I can't see any especially since my mortgage interest i...
by expat
Mon Dec 29, 2014 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do a 25 year refinance?
Replies: 13
Views: 912

Should I do a 25 year refinance?

My mortgage lender has offered to do a no cost refinance of my principal residence : 378K over 25 years at 4.125% I am currently 5 years into a 30 year loan at 5%. I just realized the refinance does not significantly lower my monthly payment at all - see schedule below - I just pay more principal an...
by expat
Tue Dec 16, 2014 1:13 pm
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 21946

Re: WHY is retirement enjoyable / something to look forward

MikeWillRetire wrote:
expat wrote:If you can't wait to retire, you are in the wrong line of work.

Many jobs are mundane, back breaking, dirty, stressful, dangerous, demeaning, etc.
Somebody has to do those jobs, and they look forward to retirement.


No one has to do a job they don't like.
by expat
Tue Dec 16, 2014 12:06 pm
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 21946

Re: WHY is retirement enjoyable / something to look forward

If you can't wait to retire, you are in the wrong line of work.
by expat
Mon Dec 15, 2014 1:26 am
Forum: Personal Finance (Not Investing)
Topic: buying apartment in France
Replies: 14
Views: 3463

Re: buying apartment in France

I have bought auto, school (it exists) and renter's insurance in France. No question was ever raised in terms of when I arrived in the country or when I would leave. Also, in France, if the plumbing in your apartment floods the neighbor(s) below, you and your insurance are responsible for the damage...
by expat
Sat Dec 13, 2014 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Deductions!
Replies: 31
Views: 2800

Re: Deductions!

g$$ wrote:
Seems like I've finally made the transition to the 28% federal tax bracket :annoyed. If you've got any suggestions for year-end deductions, please feel free to post them here.

-g$$


You're only paying 28% on the part over $89,350.

(92,250-89,350) * (.28-.25) = $87.00 more in taxes
by expat
Wed Nov 26, 2014 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Why should I avoid REITs?
Replies: 59
Views: 9775

Re: Why should I avoid REITs?

On the subject of avoiding volatile asset classes, the Dow Jones Industrial average dropped 89 percent in the bear market of 1929-1932.
by expat
Mon Nov 03, 2014 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bite the bullet and sell my mining stocks?
Replies: 23
Views: 2634

Re: Should I bite the bullet and sell my mining stocks?

You should bite the bullet and buy more - up to the percentage specified in your IPS for that asset class.
by expat
Thu Oct 23, 2014 2:41 pm
Forum: Personal Consumer Issues
Topic: Do you regret buying your home?
Replies: 82
Views: 8481

Re: Do you regret buying your home?

Owning home is like having an unpaid part-time job working for the bank maintaining their investment. When the mortgage is paid, you get a house that is 30 years older and in need of more repair. :D
by expat
Thu Oct 23, 2014 12:03 pm
Forum: Personal Consumer Issues
Topic: Phone for Europe trip
Replies: 24
Views: 1874

Re: Phone for Europe trip

It is cheaper to make calls to Europe or USA using my USA T-mobile phone than to use a local phone with minutes. Also, there is no additional charge to use T-mobile text or data plan overseas. If I need to receive local calls in Europe I buy a local phone. There is no charge to receive a call on a l...
by expat
Wed Oct 01, 2014 3:48 pm
Forum: Personal Consumer Issues
Topic: Tell me about Paris
Replies: 65
Views: 5051

Re: Tell me about Paris

For our budget, we are looking at Clignancourt (just north west of Gare du l'Est and near Sacre Coeur) and Gallieni (Paris East - end of metro line 3)


Seems like a shame to go all that way to stay in one of those areas.

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