Search found 1002 matches

by gilgamesh
Wed May 23, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: Taxable Account Near Retirement
Replies: 16
Views: 1388

Re: Taxable Account Near Retirement

Why would one buy bonds in a tax deferred (401k) first, opposed to buying in tax free (roth ira)? You don’t pay taxes on all the growth inside Roth, so why put bonds with lower expected returns in Roth, when it’s better to put vehicles with higher expected returns and not pay taxes when you withdra...
by gilgamesh
Tue May 22, 2018 7:55 am
Forum: Investing - Theory, News & General
Topic: Ideal time/balance to start HSA drawdown?
Replies: 6
Views: 623

Re: Ideal time/balance to start HSA drawdown?

The main issue is when to take tax-free distributions of the unreimbursed qualified medical expenses. The last thing you want to do is die leaving what could have been tax-free distributions to you, be lump sum taxable income to a non-spouse beneficiary. The perfect answer is the day before you die...
by gilgamesh
Tue May 22, 2018 7:41 am
Forum: Investing - Theory, News & General
Topic: Ideal time/balance to start HSA drawdown?
Replies: 6
Views: 623

Re: Ideal time/balance to start HSA drawdown?

The major benefit of HSA is it’s triple tax free status for eligible expenses. So for things like qualified long term care and Medicare premium I could withdraw tax free. You loose this massive potential with your analogy of investing in taxable with pre-tax funds. You mentioned tax-free growth adva...
by gilgamesh
Sun May 20, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a phrase for that?
Replies: 14
Views: 1105

Re: Is there a phrase for that?

I would think once that point is reached, one would either decide to retire sooner or save even more for retirement. So, there won’t be a period of just coasting. If N is substantially lower than 60 (think 1 or 2 decades) then retiring immediately on 20 or 25x spend is not possible. So the realisti...
by gilgamesh
Sun May 20, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a phrase for that?
Replies: 14
Views: 1105

Re: Is there a phrase for that?

I would think once that point is reached, one would either decide to retire sooner or save even more for retirement. So, there won’t be a period of just coasting.
by gilgamesh
Thu May 17, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why didn’t my variable mortgage rate go up?
Replies: 8
Views: 465

Re: Why didn’t my variable mortgage rate go up?

read your mortgage contract. there is max cap and also the annual increase cap cause. 4.25% is not a bad rate even though more than 3.0% which might be your ARM rate before. I’ve had the loan for about 4-5 years now. It probably started out at about 3%, But last year it went to 4.25%...at least a 1...
by gilgamesh
Thu May 17, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Why didn’t my variable mortgage rate go up?
Replies: 8
Views: 465

Re: Why didn’t my variable mortgage rate go up?

I know for sure, as per the contract they could have increased it to 5.85% this year, even the letter I got says that. What reason did they give in the letter or when you called and asked about it? The letter cited no reasons. I wasn’t planning to call them...why mess up a good thing :D Also, I pai...
by gilgamesh
Thu May 17, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why didn’t my variable mortgage rate go up?
Replies: 8
Views: 465

Re: Why didn’t my variable mortgage rate go up?

read your mortgage contract. there is max cap and also the annual increase cap cause. 4.25% is not a bad rate even though more than 3.0% which might be your ARM rate before. I’ve had the loan for about 4-5 years now. It probably started out at about 3%, But last year it went to 4.25%...at least a 1...
by gilgamesh
Thu May 17, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why didn’t my variable mortgage rate go up?
Replies: 8
Views: 465

Re: Why didn’t my variable mortgage rate go up?

Maybe they expect to be able to raise it to a much higher rate later but are limited as to how often they can raise it. Or maybe because the balance is so low they figure you would just pay it off. Maybe the paperwork isn't worth it since the mortgage will be finished so soon and the increased inte...
by gilgamesh
Thu May 17, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why didn’t my variable mortgage rate go up?
Replies: 8
Views: 465

Why didn’t my variable mortgage rate go up?

Just curious... My mortgage was high enough, I was forced to get part of the loan as a variable interest loan. Only about $450k or so was allowed to be fixed rate. I signed off on a formulae where by the rate is calculated every year. The max rate was capped at around a whopping 9%. I got the letter...
by gilgamesh
Tue May 15, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Credit card with no credit history
Replies: 15
Views: 847

Re: Credit card with no credit history

Person has been an autorized user with spouses credit card for years too. Therefore, I’ll look into checking credit score as it sounds like she may already have one. The short working history may not matter much...she might be eligible to apply for a regular card. I’m reluctant to suggest a bank CC,...
by gilgamesh
Tue May 15, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Credit card with no credit history
Replies: 15
Views: 847

Re: Credit card with no credit history

Thank you all

https://www.annualcreditreport.com

This site is legit right?
by gilgamesh
Tue May 15, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Credit card with no credit history
Replies: 15
Views: 847

Credit card with no credit history

There is working history since 2015, which shows up on social security site. Has joint banking records for years with spouse. Excellent credit rating for spouse.

But, no personal credit card history or personal loan history.

What’s the best way to build up own credit history? Any CC recommendations?
by gilgamesh
Sun May 13, 2018 6:44 pm
Forum: Investing - Theory, News & General
Topic: New inflation-protected ETF launches: iShares Inflation Hedged Corporate Bond ETF (LQDI)
Replies: 27
Views: 2196

Re: New inflation-protected ETF launches: iShares Inflation Hedged Corporate Bond ETF (LQDI)

The inflation swaps should have little net effect when realized inflation matches expected inflation. When realized inflation is greater than expected, then the fund benefits. When realized inflation comes in less than expected, the swaps detract from the fund's performance . In this sense, the rel...
by gilgamesh
Sat May 12, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: What is “net earnings” to calculate social security credits.
Replies: 4
Views: 567

Re: What is “net earnings” to calculate social security credits.

Thank you...the article was very helpful. I also checked the W2 SS wages which lists the full income. I feel more confident now, thanks!
by gilgamesh
Sat May 12, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: What is “net earnings” to calculate social security credits.
Replies: 4
Views: 567

What is “net earnings” to calculate social security credits.

It looks like one needs to have at least $5280 net earnings in a year to earn the maximum 4 credits. I’m fairly sure this required net earnings is prior to contributing to an employer sponsored retirement plan like simple IRA. After all, SS is taxed on the entire income and not what’s remaining afte...
by gilgamesh
Sat May 12, 2018 6:22 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6505

Re: Factors Suggesting One Should Buy SPIA

Not true...TIPS are inflation protected. You can argue about the nuances in the definition of inflation, but by defintion it’s an inflation protected USA treasury security. But for taxable accounts, even TIPS are subject to "taxflation" if the very thing TIPS insures against ever comes rip-roaring ...
by gilgamesh
Sat May 12, 2018 6:11 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6505

Re: Factors Suggesting One Should Buy SPIA

I disagree with the general statement that SPIA is "longevity insurance". While it certainly assures that you will have some money coming in every month but it doesn't guarantee at all that that money will actually buy anything. Inflation is the enemy. A long enough period of inflation and your so ...
by gilgamesh
Fri May 11, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6505

Re: Factors Suggesting One Should Buy SPIA

I disagree with the general statement that SPIA is "longevity insurance". While it certainly assures that you will have some money coming in every month but it doesn't guarantee at all that that money will actually buy anything. Inflation is the enemy. A long enough period of inflation and your so ...
by gilgamesh
Fri May 11, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6505

Re: Factors Suggesting One Should Buy SPIA

Question,...when you annuitize at a young age like 63 , shouldn’t one consider inflation risks? In 15-20 years annuity payments may not be sufficient. Are you planning to use your portfolio for the extra funds or an SPIA ladder purchased later, or something else? gilgamesh: In my view, it is best t...
by gilgamesh
Thu May 10, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6505

Re: Factors Suggesting One Should Buy SPIA

I can never understand why anyone would purchase a SPIA without a return of premium or 20 year period certain. The little bit of extra income lost to insure your heirs receive something in the event of an early post purchase demise seem very worth it. I suspect the SPIA purchase is NOT motivated by...
by gilgamesh
Thu May 10, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: How much can you underwithhold this year without penalty?
Replies: 3
Views: 763

Re: How much can you underwithhold this year without penalty?

If you will likely owe $55k, then paying $50k in taxes should likely be fine...cannot be more accurate than that. I prefer to be more certain.

P.S: After reading this thread I’m even more confused...
viewtopic.php?f=2&t=249143

I guess there’s a lot more to this issue
by gilgamesh
Wed May 09, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6505

Re: Factors Suggesting One Should Buy SPIA

IMHO one should step back and look at the annuity industry on a macro level first. ... In my situation, I have heirs that I would like to leave a legacy. So I have made the active choice that they are going to take their chances with me being able to manage my money in such a way that I can spend w...
by gilgamesh
Tue Apr 03, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 9327

Re: William Bernstein: Retirement Investing and Spending in two easy steps

Dandy has explained a lot of the missing parts to this staregy - most importantly the “side portfolio” exposed heavily to the stock market, and on how this strategy, which guarantees future income, makes it easier to spend through a down market. It is indeed for a typical retirement age of say 60. T...
by gilgamesh
Thu Feb 08, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1405082

Re: U.S. stocks in freefall

The market is over valued even today. A BH should aware of this and be value oriented. This is not market timing. https://www.cnbc.com/2018/01/23/markets-could-suddenly-turn-and-they-dont-even-need-a-trigger-nobel-winning-economist-shiller-says.html Are you sure value orientation is BH philosophy? ...
by gilgamesh
Thu Feb 08, 2018 6:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1405082

Re: U.S. stocks in freefall

The market is over valued even today. A BH should aware of this and be value oriented. This is not market timing. https://www.cnbc.com/2018/01/23/markets-could-suddenly-turn-and-they-dont-even-need-a-trigger-nobel-winning-economist-shiller-says.html Are you sure value orientation is BH philosophy? ...
by gilgamesh
Thu Feb 08, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1405082

Re: U.S. stocks in freefall

Delete
by gilgamesh
Thu Feb 08, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1405082

Re: U.S. stocks in freefall

RRAAYY3 wrote:
Thu Feb 08, 2018 4:36 pm
Officially back to October levels ...
October 2017 though....let's see where this goes.
by gilgamesh
Thu Feb 08, 2018 4:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1405082

Re: U.S. stocks in freefall

lws6772 wrote:
Thu Feb 08, 2018 3:55 pm
GoldenFinch wrote:
Thu Feb 08, 2018 3:45 pm
This is a tiny bit over dramatic.
Correct or should I say correction. :D
Did intraday low reach 10% of 'all time high' for S&P500?
by gilgamesh
Wed Feb 07, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1405082

Re: U.S. stocks in freefall

Bitcoin jokes are almost transferable to S&P swings...

Son: Dad I'd like $100 in S&P 500 stocks for my birthday
Dad: $92? Why do you need $107 for? :D

Volatility...
by gilgamesh
Wed Feb 07, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Unincorporating? How easy to do? S corp to sole proprietorship?
Replies: 26
Views: 1741

Re: Unincorporating? How easy to do? S corp to sole proprietorship?

When it comes to the 199A pass-thru deduction, the bigggest variable is the upcoming IRS regulations. Almost everyone agrees (because it's so ambiguous and passed at the last moment without comprehensive thought) that over the next few months/years IRS will issue their interpretation of the 199A ded...
by gilgamesh
Wed Feb 07, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Unincorporating? How easy to do? S corp to sole proprietorship?
Replies: 26
Views: 1741

Re: Unincorporating? How easy to do? S corp to sole proprietorship?

Not sure I understand your question. I was an S Corp in 2017 and will unincorporated in 2018. Am told I am better off on the tax front within my plan to max retirement by electing to unwind. I am not a professional, but my thinking in your situation would be that your taxes are your taxes depending...
by gilgamesh
Wed Feb 07, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1405082

Re: U.S. stocks in freefall

I'm deeply amused that folks on this thread seem to view this thread like the majority of folks view the stock market - paying too much attention to the noise. See these two posts and similar: I've learned a lot about many of the posters in this thread over the past couple of days. They are expert ...
by gilgamesh
Wed Feb 07, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1405082

Re: U.S. stocks in freefall

The only thing that was amusing to me so far was the people's reaction to recent events...I did not expect that.

However, I have to say, even I find the daily volatility amusing - this is the first time I've even bothered to look. So, I find that quite interesting!
by gilgamesh
Wed Feb 07, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Unincorporating? How easy to do? S corp to sole proprietorship?
Replies: 26
Views: 1741

Re: Unincorporating? How easy to do? S corp to sole proprietorship?

Not a doc. My friction is maxing retirement contributions, and taking a reasonable salary. TBH, this is the first year I did an S-Corp, and hated the excesses paperwork/hoops. I am thrilled to be going back to Sole P, so much easier. CPA just told me that its much better to unwind given my prioriti...
by gilgamesh
Wed Feb 07, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: Anyone else cashing out on *some* of the crazy earnings?
Replies: 74
Views: 8524

Re: Anyone else cashing out on *some* of the crazy earnings?

I have about 30% more in retirement funds than my Investment policy / my plan says I should hve . I have considered reducing risk. However, my plan says that if I reduce risk I will never increase it. It's a one way commitment. I suggest you make the same commitment in order to avoid emotional mist...
by gilgamesh
Mon Feb 05, 2018 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 47552

Re: Today was a Really Bad Day

DOW Futures are down -600 again... [(removed) --admin LadyGeek] This does not appear to be a pullback but a full on crash, perhaps 30-40% we will see... If DOW drops another 600 points, the current chain of losses can finally be called a correction right? We would have reached a loss of 10% from hi...
by gilgamesh
Mon Feb 05, 2018 8:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1405082

Re: U.S. stocks in freefall

I thought posters were being sarcastic with the doom and gloom...I guess they weren't...stunned, this is all it takes for some to panic...I guess all that talk about visualizing stocks dropping 50% and not recovering for 5 years was taken as a joke by some...this? This is NOTHING!
by gilgamesh
Mon Feb 05, 2018 8:33 pm
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2358

Re: Is this a form of Market Timing?

But, when you invest that money you wanted to pay tax with, at the same asset allocation as the two asset classes you chose (one that grew to $90k and the other to $63k), I'm fairly certain you will get the same results...it just doesn't matter. I know it doesn't make intuitive sense, but I'm almos...
by gilgamesh
Sun Feb 04, 2018 4:33 pm
Forum: Investing - Theory, News & General
Topic: Anyone else cashing out on *some* of the crazy earnings?
Replies: 74
Views: 8524

Re: Anyone else cashing out on *some* of the crazy earnings?

It came from people's willingness to buy future growth and profits in very real, very tangible businesses. People's willingness to buy anything is what gives it monetary value. Didn't it also (mainly?) come from businesses being more productive? Research, development and innovation allows businesse...
by gilgamesh
Sun Feb 04, 2018 4:24 pm
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 16419

Re: Blood in the water- buying?

Ok!, I think one final question, I'm pretty sure you back tested this plus overall feel comfortable with it. However, isn't it difficult to back test asset classes like 'emerging markets' too far back - do emerging markets of the past have semblance to current?... If you agree with that premise, ar...
by gilgamesh
Sun Feb 04, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: Anyone else cashing out on *some* of the crazy earnings?
Replies: 74
Views: 8524

Re: Anyone else cashing out on *some* of the crazy earnings?

I cashed in big time and used it to move up to a waaaay better house. Houses as good for us as this one that we can also afford might come on the market once a year if that. The market could double next year but I wont lose sleep over it. The decision to cash in wasnt because the market went up but...
by gilgamesh
Sun Feb 04, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2358

Re: Is this a form of Market Timing?

Will the timing of the 2018 Roth conversion really matter in the distant future? Yes, a series of annual conversions will make a difference. Yes, we can later calculate what would have been the optimal date for each of the conversions and lament the losses, but only in hindsight. Glass half full, h...
by gilgamesh
Sun Feb 04, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2358

Re: Is this a form of Market Timing?

Same thing with "horse race" Roth conversions. Never made sense. Here's a real example from 2009 to show why it makes sense. I admit it's an extreme example: One 45k conversion was worth 90k in March of 2010. The other 45k conversion was worth 63k. March is when I was recharacterizing. For tax reas...
by gilgamesh
Sun Feb 04, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2358

Re: Is this a form of Market Timing?

Same thing with "horse race" Roth conversions. Never made sense. So, the new rules which doesn't allow Roth rechrecterization doesn't matter in that sense, but say doing Roth conversion higher than one may want to, but recharecterize it back to exact marginal tax bracket is not possible anymore. So,...
by gilgamesh
Sun Feb 04, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 16419

Re: Blood in the water- buying?

I use a relative strength momentum approach with a seven month timing window. This means that I invest in whichever asset class I have access to in a given account (e.g. 401k, HSA, IRAs) that has had the highest returns over the last seven months. This includes assets like large cap growth, mid cap...
by gilgamesh
Sun Feb 04, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2358

Re: Is this a form of Market Timing?

But still, if we are keeping the AA same wouldn't it still be the same? Don't know. I'm not sure what your example has to do with what the poster asked. Perhaps I'm just not following. I am trying to understand and find an answer to OP's specific question. OP can post which non-retirement asset cla...
by gilgamesh
Sun Feb 04, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2358

Re: Is this a form of Market Timing?

But still, if we are keeping the AA same wouldn't it still be the same? Taxes are paid from funds which also drops 50% and gains 100% So, Day1 $100 converted to Roth, taxable went from $50 to $30 after paying $20 in taxes Day 4: $100 in Roth, taxable $30 Day 3 convert $50 to Roth, taxable goes from...
by gilgamesh
Sun Feb 04, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2358

Re: Is this a form of Market Timing?

Say you have $100 in tIRA you want to convert to Roth. Tax 20%. Day 1 you have $100 convert to Roth, pay $20 taxes and $80 converted into Roth. Day 2 market drops 50% you are down to $40 Day 4 market gains 100% you are back to $80. You wish to convert after the initial market drop on day 3. Day 3: ...