Search found 638 matches

by expat
Fri Apr 29, 2016 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Small Overpayment on Taxes?
Replies: 13
Views: 928

Re: Small Overpayment on Taxes?

I would forget about it.
by expat
Fri Apr 29, 2016 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited property and family issues
Replies: 39
Views: 3080

Re: Inherited property and family issues

It is easy to come up with "solutions." The problem is getting siblings to agree on one.
by expat
Sun Apr 24, 2016 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with the "waiting game"
Replies: 26
Views: 3368

Re: Dealing with the "waiting game"

Create a side business and start contributing to a SEP IRA.
by expat
Wed Apr 20, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 8429

Re: Cannot Pay Huge Tax Burden

If you owe 200K, you don't have a problem. The bank has a problem. Student loan debts are typically nondischargeable - so they do have a problem I understand. But if the borrower can't pay, it's the bank's problem. Also, I am sure there is a way to work this system. For example, http://blog.readyfo...
by expat
Wed Apr 20, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 8429

Re: Cannot Pay Huge Tax Burden

If you owe 200K, you don't have a problem. The bank has a problem. Student loan debts are typically nondischargeable - so they do have a problem I understand. But if the borrower can't pay, it's the bank's problem. Also, I am sure there is a way to work this system. For example, http://blog.readyfo...
by expat
Wed Apr 20, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 8429

Re: Cannot Pay Huge Tax Burden

If you owe 200K, you don't have a problem. The bank has a problem.
by expat
Mon Apr 18, 2016 3:04 pm
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 10630

Re: What are Pros and Cons to the "Four Hour Workweek?"

cherijoh wrote:Most entrepreneurs work a heck of a lot more than 4 hours per week launching their business(es). And the failure rate is extraordinarily high.


That's the point of the book. If you are working non-stop in your business, you will eventually fail.
by expat
Sun Apr 03, 2016 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: is foreign investing really worth it
Replies: 90
Views: 5514

Re: is foreign investing really worth it

I only buy assets when they are disappointing.
by expat
Wed Mar 30, 2016 1:43 pm
Forum: Personal Consumer Issues
Topic: Updates on the status of Linux
Replies: 70
Views: 4347

Re: Updates on the status of Linux

Microsoft runs Linux. See Azure, .NET even SQL Server will be ported to Linux.
by expat
Tue Mar 29, 2016 5:38 pm
Forum: Personal Consumer Issues
Topic: Updates on the status of Linux
Replies: 70
Views: 4347

Re: Updates on the status of Linux

Linux has passed its heyday. .... Linux was much more important when your only options were $100+ clunky windows software or a Mac. Now you don't even need either to run a Chromebook which is good enough for the majority of computer users out there. Chromebooks run on Chromium OS which is a Linux-b...
by expat
Sun Mar 27, 2016 12:38 pm
Forum: Personal Consumer Issues
Topic: Question: Should we sue the cable company?
Replies: 26
Views: 3725

Re: Question: Should we sue the cable company?

Let your insurance company handle it.
by expat
Thu Mar 24, 2016 1:14 pm
Forum: Personal Consumer Issues
Topic: Birthday Gift To Techie Husband
Replies: 38
Views: 2493

Re: Birthday Gift To Techie Husband

Gift him the drone so he can be with the kid. :D
by expat
Mon Mar 21, 2016 8:30 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 154
Views: 10981

Re: How have your homes as investments done?

It has been a great investment for the bank and the county.
by expat
Wed Mar 16, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I disclaim an inheritance on behalf of minor children?
Replies: 44
Views: 4004

Re: Should I disclaim an inheritance on behalf of minor children?

Do you have the legal right to disclaim someone else's inheritance? Or worse, transfer their inheritance to someone else? Another alternative is to spend the inheritance for the benefit of the children (childcare, medical expenses, camps, sports, vacations, etc) and contribute an equivalent amount t...
by expat
Sat Mar 05, 2016 4:45 pm
Forum: Personal Consumer Issues
Topic: Mac laptop vs. Windows 7 (or 10) laptop
Replies: 63
Views: 4238

Re: Mac laptop vs. Windows 7 (or 10) laptop

I don't think Windows users realize what a painful experience Windows is because they are so used to it and have, by now, very low expectations.
by expat
Wed Mar 02, 2016 12:30 pm
Forum: Personal Consumer Issues
Topic: Mac laptop vs. Windows 7 (or 10) laptop
Replies: 63
Views: 4238

Re: Mac laptop vs. Windows 7 (or 10) laptop

Chromebook. It just works.
by expat
Sat Feb 27, 2016 1:15 pm
Forum: Personal Consumer Issues
Topic: Time To Quit My Job?
Replies: 53
Views: 4715

Re: Time To Quit My Job?

The big thing my wife is concerned with would be health insurance.


What's the concern?
by expat
Tue Feb 23, 2016 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: VTI vs Starting my own REIT
Replies: 52
Views: 4247

Re: VTI vs Starting my own REIT

To lose your job and sink your savings into an illiquid business run by someone with no experience is, well, crazy.


Ironically, this describes most first-time home buyers who, like it or not, become a property manager with zero real estate experience with themselves as a tenant.
by expat
Sun Feb 21, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: VTI vs Starting my own REIT
Replies: 52
Views: 4247

Re: VTI vs Starting my own REIT

cherijoh wrote:
trad3fgh wrote:I can build a listing/maintenance ticket website for RE business. I believe I am competent enough to perform an eviction, lease a room, snake a toilet, and clean a carpet.

By this statement, you are amply demonstrating that you have no idea what you are getting into.


Why do you say this?
by expat
Sun Feb 21, 2016 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: VTI vs Starting my own REIT
Replies: 52
Views: 4247

Re: VTI vs Starting my own REIT

Most people on this board are happy with a w-2 salary and passive investing in stock and bond index funds so you probably will not find many who approve in real estate investing as a business. If you think you have a solid plan, you should follow it and not listen to anyone else. There will always b...
by expat
Sat Feb 13, 2016 5:54 pm
Forum: Investing - Theory, News & General
Topic: Watched Madoff:Considering Stuffing the Mattress
Replies: 19
Views: 2825

Re: Watched Madoff:Considering Stuffing the Mattress

In that case, don't watch the "The Big Short". Madoff was small-time.
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: 1699

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: 1699

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: 4198

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: 2660

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: 1535

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: 7725

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: 398

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: 733

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: 3143

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: 1854

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: 509

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: 686

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: 7448

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: 7448

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: 5911

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: 5911

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: 3421

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: 17700

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: 4098

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: 5090

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: 5090

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: 5090

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: 762

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: 1740

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: 7694

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: 7916

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: 3970

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: 3970

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 ...

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