Search found 223 matches

by ge1
Sun Mar 19, 2017 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9547

Re: Early Retirement - what to do about healthcare?

In our own early retirement plans, that is exactly what I budget for, i.e. 2k per month for health care expenses. Thankfully so far we are very healthy, but should that change our plans may have to change as well. Regarding all the comments about cheap health insurance in Europe: I spent some time i...
by ge1
Fri Mar 03, 2017 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15470

Re: Possibly Financially Independent and Feeling Miserable

Thanks for sharing. There is a fine line between being diligent about money and being obsessed by it, a line which i think you clearly crossed. I'm not a psychologist but it seems to me you are trying to get a level of security and probably also "worth" from your number which it can never ...
by ge1
Tue Feb 28, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 28
Views: 2674

Re: Job dilemma

I just wanted to provide a brief update: We decide to do it and are very excited (and also a bit scared)! Ultimately the possibility of living somewhere very different whilst also making a good move professionally won over having to leave old friends behind and giving up a secure job. We will see ho...
by ge1
Sat Jan 14, 2017 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 28
Views: 2674

Re: Job dilemma

I have made several company changes in my career, most of which included relocations to different US locations. A couple of these were well funded startups. It sounds like you've covered most of the issues relative to staying versus countering, so I'll add thoughts on some other areas In the new po...
by ge1
Sat Jan 14, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 28
Views: 2674

Re: Job dilemma

I recently accepted a job offer that will pay me 40% more. The only difference is that it took me 3 years of ACTIVELY researching for potential companies and applying for jobs. Also, I don't have to relocate. Have you been actively looking and researching for a new job that pays more? Or was this o...
by ge1
Sat Jan 14, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 28
Views: 2674

Re: Job dilemma

Thanks all for replying, I really appreciate the thoughtful responses. Just to add / clarify a few things from my original post: This is not primarily about money. If money was the main goal, my wife and I would stay in our current jobs and we could retire in our early 50s. The job is clearly a step...
by ge1
Fri Jan 13, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 28
Views: 2674

Re: Job dilemma

Thanks ved but that's not how it works at my company. They could never offer an increase of that magnitude unless I have another offer. And presenting another offer doesn't burn any bridges if it's done the right way, I have seen it many times before.

Thanks all for the feedback
by ge1
Fri Jan 13, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 28
Views: 2674

Re: Job dilemma

My opinion: Bet on known one's instead of unknowns. Current employer/house/neighbor/salary all are known and good then talk to current employer if they give 30-35%, stay in same place. if not, you can relocate This is pretty much the current strategy. I know for sure if the current employer is not ...
by ge1
Fri Jan 13, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 28
Views: 2674

Re: Job dilemma

ved wrote:What does your wife say?


My wife is equally unsure what to do. We are both usually very decisive people so this is killing us :D
by ge1
Fri Jan 13, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 28
Views: 2674

Job dilemma

I'm really struggling with this decision so maybe someone on this great forum can help me out... I got an excellent job offer this week, which would require relocating. I don't want to provide too many details, but basically the new location would also mean a complete change in lifestyle. Pay is exc...
by ge1
Sat Jan 07, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Maximize 401k after-tax contribution
Replies: 8
Views: 820

Re: Maximize 401k after-tax contribution

Thanks all for confirming what I thought, seems a great deal.
by ge1
Sat Jan 07, 2017 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Maximize 401k after-tax contribution
Replies: 8
Views: 820

Maximize 401k after-tax contribution

Hi Bogleheads I'm currently put the maximum in my company's 401k on a pre-tax basis and also get another 10k from my company. I'm in the highest tax bracket. Is there any reason - assuming I have sufficient funds - why I would not contribute another 25k on an after-tax basis up to the 54k total cont...
by ge1
Mon Jan 02, 2017 5:27 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 28563

Re: Whats your number to walk away?

Probably 5m. In our 40s, need 2m more.
by ge1
Fri Sep 02, 2016 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 205
Views: 24352

Re: $50M+ - Need a sounding board/advice

Bacchus01 wrote:Coach flights with kids?

That's one thing I'd splurge on for international flights. For sure.


Completely agree. What's the point of having 50m if you are not flying first class :D
by ge1
Fri Sep 02, 2016 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Moving more $ into cash - anybody else?
Replies: 14
Views: 1944

Re: Moving more $ into cash - anybody else?

Thanks for the replies folks. On the bond side, it is completely rational to move to the money market option. I can earn 1.7% with no duration risk at all, or I can earn slightly more with a lot more duration risk. Risk / reward does not work for the bond funds. On the stock side, my international a...
by ge1
Fri Sep 02, 2016 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Moving more $ into cash - anybody else?
Replies: 14
Views: 1944

Moving more $ into cash - anybody else?

It's great to see my portfolio increase basically every day the last few months, but I have to admit this low volatility environment makes me very nervous. I think I'm up 10% this year, which really makes no sense given that I already had a lot of cash to begin with and maybe 40% in stocks. Just loo...
by ge1
Wed Jul 20, 2016 7:09 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 223
Views: 34919

Re: I'm Calling an Emerging Markets Bottom

Emerging Markets up 27% since January 15 (date of OP), well done grap0013. Start that newsletter :D
by ge1
Wed Jul 06, 2016 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Funds - worth it?
Replies: 33
Views: 3228

Re: Bond Funds - worth it?

thanks all as always for the knowledgeable responses
by ge1
Wed Jul 06, 2016 12:24 pm
Forum: Personal Consumer Issues
Topic: Input wanted on where to live
Replies: 10
Views: 930

Re: Input wanted on where to live

I have begun reading some other forum posts on similar topics, but if you know of good discussions by all means post them here. Background: married couple approaching retirement. In general we agree that choice of careers, where to live, how to live, all these choices have been made based upon what...
by ge1
Wed Jul 06, 2016 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Bond Funds - worth it?
Replies: 33
Views: 3228

Bond Funds - worth it?

With the ongoing decrease in interest rates, all my bond fund holdings are having a great year. The yield though on many of them is approaching what I would earn basically risk-free in my money market option in my 401k. (It's a 401k with Fidelity and the money market option is called Managed Income ...
by ge1
Thu May 05, 2016 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Tax refund not received - what to do?
Replies: 6
Views: 1133

Re: Tax refund not received - what to do?

Yes. On the Turbo Tax website there is a similar question and the answer is that if you chose to have your fee deducted from your refund, the funds were returned to Santa Barbara Tax Products Group and they would then deduct the fees and wire the remaining refund to my bank account. Anybody else had...
by ge1
Thu May 05, 2016 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Tax refund not received - what to do?
Replies: 6
Views: 1133

Re: Tax refund not received - what to do?

I think I'm getting closer to what the issue is... Stupid me selected to have my turbo tax preparer fees deducted from my refund, which is apparently handled by the Santa Barbara Tax Products Group. I went to their website and was told that "due to unusual activity" I need to verify my ide...
by ge1
Wed May 04, 2016 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refund not received - what to do?
Replies: 6
Views: 1133

Tax refund not received - what to do?

I checked the IRS website and was told that my refund was sent to my bank account April 27. As per today, nothing has hit the account. I checked with Bank and they confirmed nothing is pending either. Also double checked the bank account information on my tax return and that is correct as well. I tr...
by ge1
Mon Apr 04, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: becoming your own accountant
Replies: 18
Views: 1713

Re: becoming your own accountant

Agree with what has already been said. I am a CPA, also have MBA and CFA. I dont hire financial professionals for either investment management or tax prep. But I would certainly hire a tax professional if I was in your position. You have a much more complicated scenario than I do. I rather enjoy in...
by ge1
Sun Apr 03, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4592

Re: Big spenders, anybody successfully downsized?

Finally, it sounds like both of you work. Does it need to happen at the same time? Could you "phase out" - go reduced work week, or maybe one of you quits first? Then you could cut the nanny. When one member of the duo isn't working, and it doesn't matter which, it does make life less hec...
by ge1
Sat Apr 02, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4592

Re: Big spenders, anybody successfully downsized?

Realistically I doubt that you can reach your goals by just cutting back. It sounds like you need a new retirement lifestyle to make that budget. Just for comparison $10K a month is $120K a year. A couple where they are each making $60K a year has a family income of $120K a year. There would be ton...
by ge1
Sat Apr 02, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4592

Re: Big spenders, anybody successfully downsized?

When you are saving 200k/yr, you end up with tough choices between working one more year (call it 500/month more for life) or cutting spending. 500/month buys a lot of toys/experiences over the remaining 30 years of your life. On the other hand, you only have 30 years left:) That's an interesting w...
by ge1
Fri Apr 01, 2016 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4592

Re: Big spenders, anybody successfully downsized?

We bought our house fairly cheap (relative to our incomes) and spent a lot over the last few years in renovating, which has been completed now. A portion of that expense is included in the 20k mentioned earlier. The cost of the renovation shouldn't be included in your historical budget numbers. Pre...
by ge1
Fri Apr 01, 2016 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4592

Re: Big spenders, anybody successfully downsized?

Four years ago we cut from about $30,000 / mo to $12k / mo. It seemed like an impossible task at the time, but now that it's done, it is so awesome. We now live way below our current means which allows us to save a lot (or spend money we have instead of money we don't). This has accelerated our ret...
by ge1
Fri Apr 01, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4592

Re: Big spenders, anybody successfully downsized?

Good point hand.

My spouse buys in the downsizing plan, however she is a bit more cautious (or maybe just realistic) in giving up a high income too early.
by ge1
Fri Apr 01, 2016 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4592

Re: Big spenders, anybody successfully downsized?

Thanks for all the replies. I'll look at our spending more closely, but I know we easily have 5-8k discretionary spending between vacations, things for the house or leisure / sports. I know we can bring our spending down to 10k per month, but I guess I'm most interested in experiences from people wh...
by ge1
Fri Apr 01, 2016 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4592

Re: Big spenders, anybody successfully downsized?

Mortgage is 3k per month, majority of which is principal as we have a 15 year mortgage. No second home. Vacations are easily 2.5k per month, which is an obvious place to spend less. 1 child and private school is 1.2k per month (another place to save as public schools are good). As we both work full ...
by ge1
Fri Apr 01, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4592

Big spenders, anybody successfully downsized?

My wife and I are in our mid 40s and make very good money (mid to high six figures). We spend a lot (20k per month) save a lot (200k per year) and also pay a lot of taxes :-) We want to stop / significantly reduce working in a few years and for the math to work we need to bring down our expenses sig...
by ge1
Wed Feb 24, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of rental property at a loss - tax question
Replies: 13
Views: 1887

Re: Sale of rental property at a loss - tax question

SouthernCPA - thanks, I have engaged a CPA and will file an amended return for 2014.
by ge1
Wed Feb 24, 2016 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of rental property at a loss - tax question
Replies: 13
Views: 1887

Re: Sale of rental property at a loss - tax question

RamoniOba wrote:Ge1.....what documentation do I need to claim the loss on sale of rental property? Is there any literature I can read up on?



I'm traveling and can't look it up right now, but for example TaxTopic 425 on the IRS website.
by ge1
Tue Feb 23, 2016 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Sale of rental property at a loss - tax question
Replies: 13
Views: 1887

Re: Sale of rental property at a loss - tax question

Bumping this one and hoping some of the tax experts here will jump in. I looked at form 1040X and none of the numbers will change (all that is changing is my passive activity loss which was non deductible in 2014), so maybe I don't need to amend my 2014 tax return and just use the correct passive ac...
by ge1
Mon Feb 22, 2016 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of rental property at a loss - tax question
Replies: 13
Views: 1887

Re: Sale of rental property at a loss - tax question

I have a follow up question: I realized I didn't calculate my passive activity losses correctly in 2013 and 2014. Do I need to file amended tax returns for those years (even though my tax liability hasn't changed), or can I simply use the correct cumulative passive activity losses now in my 2015 ret...
by ge1
Sun Feb 21, 2016 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of rental property at a loss - tax question
Replies: 13
Views: 1887

Re: Sale of rental property at a loss - tax question

Thanks Mule. Yes exactly, I read the relevant publications and calculated the loss based on the FMV at the time when the property covered to a rental, which I can validate with an appraisal performed at the time for a refinancing. This truly was the worst investment in real estate history, so it is ...
by ge1
Sun Feb 21, 2016 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of rental property at a loss - tax question
Replies: 13
Views: 1887

Sale of rental property at a loss - tax question

We sold our vacation home last year, which since 2011 we used primarily as rental property. We took a sizable loss when selling the house and I'm comfortable with the gain / loss calculation, which I ran by a CPA at the time. When doing my 2015 tax return, I realize that the loss is reducing my taxa...
by ge1
Sat Feb 13, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is the high cost of living in Northern VA/DC worth it?
Replies: 49
Views: 4220

Re: Is the high cost of living in Northern VA/DC worth it?

I highly recommend the Raleigh Durham area. Lots of great IT companies (SAS, Cisco), housing still very affordable compared to the big cities and big enough to have a decent night life for a single person. And only a few hours from VA.
by ge1
Sat Feb 13, 2016 10:27 am
Forum: Personal Consumer Issues
Topic: Relocating for a job--lots of life changes
Replies: 43
Views: 3384

Re: Relocating for a job--lots of life changes

My wife and I moved more times than I can count, including one just when we got married. To me this all sounds great, that's a good comp in Florida. You are young, go for it!
by ge1
Fri Feb 12, 2016 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Confused by GMO asset class forecasts?
Replies: 2
Views: 452

Confused by GMO asset class forecasts?

I enjoy reading Grantham's quarterly letters, but I have to admit I can't take his asset class return forecasts seriously anymore. Case in point: As per December 2012 his forecast had the following annualized real returns over the next 7 years: International Large Cap: 3.9% Emerging Market: 5.6% Now...
by ge1
Fri Feb 12, 2016 1:22 pm
Forum: Investing - Theory, News & General
Topic: Is it starting to smell like opportunity?
Replies: 32
Views: 4288

Re: Is it starting to smell like opportunity?

I have no idea but I used the recent declines to bring my allocations to stocks where it should be, I had maybe 15% of my portfolio in cash due to valuation concerns. That probably means we will see a much larger decline... I also make every now and then 'tactical' trades with small amounts (total l...
by ge1
Fri Feb 12, 2016 5:49 am
Forum: Personal Finance (Not Investing)
Topic: What is your decline in Net Worth as of today?
Replies: 96
Views: 11729

Re: What is your decline in Net Worth as of today?

My net worth is close to all time high due to large contributions.

My total losses are probably close to 100k YTD. Doesn't bother me in the slightest, I was able to buy at lower prices.
by ge1
Thu Feb 11, 2016 2:38 pm
Forum: Investing - Theory, News & General
Topic: What is the long term S&P growth rate?
Replies: 10
Views: 862

Re: What is the long term S&P growth rate?

Thanks jimb, lots of good information and useful tools with the links provided. Will check this out. Completely understand that looking at the price growth only tells you little about the total return - all I am trying to do here is comparing the S&P today with S&P values in the past (which ...
by ge1
Thu Feb 11, 2016 12:43 pm
Forum: Investing - Theory, News & General
Topic: What is the long term S&P growth rate?
Replies: 10
Views: 862

Re: What is the long term S&P growth rate?

long_gamma wrote:This might be interest for you.

http://www.philosophicaleconomics.com/2015/03/treps/


Excellent article, this is exactly what I was looking for (no actually more than that!). Thanks again.
by ge1
Thu Feb 11, 2016 8:33 am
Forum: Investing - Theory, News & General
Topic: What is the long term S&P growth rate?
Replies: 10
Views: 862

What is the long term S&P growth rate?

In order to get a sense if the market is "overvalued" or "cheap" at the current level, I like to discount the current value of the S&P 500 by the normal growth rate and compare the computed value with the actual value. Example: Using a 6% growth rate, 1820 in 2016 is equivale...
by ge1
Thu Feb 11, 2016 8:20 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3349
Views: 854320

Re: U.S. stocks in freefall

Time to bump this thread, futures were down 2% earlier... 8-)
by ge1
Thu Feb 11, 2016 7:53 am
Forum: Investing - Theory, News & General
Topic: World stocks officially reach bear market territory
Replies: 27
Views: 4318

Re: World stocks officially reach bear market territory

Chill out people. I think it's a very relevant observation that the global stock market is in a bear market and the way things are going the US market will join that club soon enough.
by ge1
Fri Feb 05, 2016 8:44 am
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 12902

Re: How to get a 200k+/year job?

Many good thoughts in this thread. I would add one point that stuck with my from a conversation with a very successful business man: It is so much easier to get ahead (both career wise and financially), when you are in an industry which generally enjoys a tailwind rather than a headwind. Having grad...

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