Search found 715 matches

by halfnine
Sun Dec 17, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 32
Views: 3591

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

I personally think a person should work their butt off for about 20 years before they get a sabbatical but maybe I am old school. At 30 you haven't even really worked that hard or made very much money yet (usually). I'd work another 10-15 years and work HARD! Earn your time off. While I agree peopl...
by halfnine
Fri Dec 15, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 32
Views: 3591

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

I took a year off to travel back before I met my spouse. A few years later took another year off and traveled with my spouse. And then we both took a year off after the birth of each child. Just do it. You won't regret it.
by halfnine
Fri Dec 15, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: Japan in summer
Replies: 25
Views: 1607

Re: Japan in summer

A night in a Ryokan. Baseball, Sumo, and any festival.
by halfnine
Fri Dec 15, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Global nomad advice/newbie alert
Replies: 20
Views: 1765

Re: Global nomad advice/newbie alert

Unless, they don't let her renew her passport. Then she has a big problem unless she is a dual national. The IRS says this about revocation or denial of US passports: If you have seriously delinquent tax debt, IRC § 7345 authorizes the IRS to certify that debt to the State Department for action. Th...
by halfnine
Tue Dec 05, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Global nomad advice/newbie alert
Replies: 20
Views: 1765

Re: Global nomad advice/newbie alert

I won't rehash any of the previous points made. I will add one thing, though. If your spouse has some work history in the US it might be a good financial move for her to ensure 10 years of qualifying credit for Social Security benefits. US Social Security is one of the best deals going not only for ...
by halfnine
Tue Dec 05, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Global nomad advice/newbie alert
Replies: 20
Views: 1765

Re: Global nomad advice/newbie alert

Thanks for the perspective TedSwippet. Everyone is making a big fuss about it. Again I agree she should file, but the IRS won't ever pursue anyone who earns so little, and has no assets...... Unless, they don't let her renew her passport. Then she has a big problem unless she is a dual national. An...
by halfnine
Sun Nov 26, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17554

Re: The fallacy of spending money on "experiences" vs hard assets

I have found that for me spending money on "hard assets" and on "experiences" both have had diminishing returns. However, spending money to buy time to spend with family and friends has not had diminishing returns.
by halfnine
Thu Nov 23, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5088

Re: Do you include the sale of your home as part of your retirement planning?

My philosophy is to look at a 3.5% WR based on net worth instead of investments. And while a home would be included in net worth the imputed rent would also be included in expenses.
by halfnine
Thu Nov 23, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 4240

Re: Public or Montessori Private School

We sent our daughter to Montessori school in Wisconsin for grades 2-8, after thoroughly researching the public schools in our area. While it was expensive, we do not regret it for a second. What the Montessori system excels at is instilling an intellectual curiosity and love of learning. From my da...
by halfnine
Fri Nov 10, 2017 7:46 am
Forum: Investing - Help with Personal Investments
Topic: In 40s and no retirement [US ex-pat in Brazil]
Replies: 28
Views: 3199

Re: In 40s and no retirement [US ex-pat in Brazil]

If you can "opt in" to social security for either you it will provide you the best longevity insurance around... Is this true? I haven't seen any comparison of ROI of contributing to social security vs. say taking what would have been contributions and investing it and then say buying an SPIA. And ...
by halfnine
Thu Nov 09, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: In 40s and no retirement [US ex-pat in Brazil]
Replies: 28
Views: 3199

Re: In 40s and no retirement [US ex-pat in Brazil]

If you can "opt in" to social security for either you it will provide you the best longevity insurance around. That is going to require at least 10 years of contributions. In a perfect world that would mean contributing from 52-62 (obviously sooner would be less risky though). And, in those circumst...
by halfnine
Thu Nov 09, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4121

Re: Inexpensive house or condo as home base (MKE?)

I'm currently living in an apartment rental in CA, and have inherited some money; on top of my retirement fund I have around $120k with a bit more on the way. I'm thinking about doing longterm traveling/being nomadic overseas, and I had the idea of getting an inexpensive condo or house, to store th...
by halfnine
Fri Nov 03, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Make You Lazier?
Replies: 87
Views: 7755

Re: Does Retirement Make You Lazier?

I am not retired. However, in addition to many years spent working I have spent quite a few years not working as well. I did not find myself to be lazy in either of those instances. However, the times in which I have worked only part time I found myself to be quite lazy with the extra time.
by halfnine
Sat Oct 28, 2017 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18969

Re: Early-retired 35 year old with $1 million

I don't think it's impossible for you to retire but I do think there are some risks that can be better avoided by working a bit longer. For longevity insurance, I'd certainly consider contributing enough to social security to get to the first bend point. It's possible you are there already. And, if ...
by halfnine
Wed Oct 25, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Planing Europe trip during Christmas, Eurorail pass or car rental
Replies: 16
Views: 904

Re: Planing Europe trip during Christmas, Eurorail pass or car rental

I am not sure what the train system is like these days, but when I traveled about Europe many ages ago I'd take the overnight sleeper trains. It frees up your time and while more expensive it does eliminate the cost of a night's lodging each time. Might have to rearrange the order countries are visi...
by halfnine
Mon Oct 23, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Expat mail forwarding mechanics
Replies: 7
Views: 1008

Re: Expat mail forwarding mechanics

Depending on the state you currently reside in, it might be beneficial to relocate your state domicile and US accounts to a no income tax state prior to leaving the country. Most of the mail forwarding services are located in no income tax states for this very purpose. You may very well want to keep...
by halfnine
Sat Oct 21, 2017 3:12 pm
Forum: Investing - Theory, News & General
Topic: 4% SWR Rule in Other Countries
Replies: 29
Views: 2939

Re: 4% SWR Rule in Other Countries

That is indeed a good question... Check the last part of thIs blog entry (this uses a 70/30 asset allocation): https://finpage.blog/2017/03/25/investing-in-the-world-part-2/ Personally, I reached a few conclusions a while ago: - just looking at the US history is indeed narrow thinking and probably ...
by halfnine
Sat Oct 21, 2017 2:18 pm
Forum: Personal Consumer Issues
Topic: Help with PR emergency prep: Water filter, Propane stove, etc.
Replies: 46
Views: 3081

Re: Help with PR emergency prep: Water filter, Propane stove, etc.

I'd opt for redundancy wherever possible. There is an old saying that two is one and one is none. Water Treatment. I think there have been plenty of good options listed. I'd have a simple backup (possibly iodine, bleach) in case the first treatment system fails. I would opt against boiling as a eith...
by halfnine
Thu Oct 19, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 3234

Re: Grandparents want to give to grandkids

I don't want to come across as unappreciative but as someone who "paved" their own way without an inheritance along the way I feel that I have benefited tremendously relative to close friends who squabbled their inheritance and/or did not developer a proper work ethic in the real world. I am convin...
by halfnine
Wed Oct 18, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1824

Re: Multi-currency accounts for US citizen

I can't see him not taking a haircut if attempting to deposit foreign cash or a foreign check whether he has a multi-currency account or not. He is going to have to make an electronic transaction if he wants to save on fees. Instead of a check he probably should have had the other party use Transfer...
by halfnine
Tue Oct 17, 2017 4:07 pm
Forum: Personal Consumer Issues
Topic: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!
Replies: 26
Views: 1986

Re: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!

Thanks again for suggestions. I will decide between a train and a car depending upon weather/time. I am thinking to rent a airbnb in Bonn for 5-6 days (2 bed 1.5/2 bathroom). Any thoughts? I was researching online found out that boots work well for winter vacation in EU (buy raincoats locally in EU...
by halfnine
Mon Oct 16, 2017 3:05 pm
Forum: Personal Consumer Issues
Topic: Tanzania
Replies: 7
Views: 680

Re: Tanzania

I am in the early stages of planning a trip to Tanzania next year to hike Mt. Kilimanjaro then go on safari. A search of Bogleheads indicates that some posters have done this in the past, so I'm wondering if anyone has recommendations. What tour operator did you choose? Zara seems to be everywhere ...
by halfnine
Fri Oct 13, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: Gold ETF
Replies: 32
Views: 3325

Re: Gold ETF

If you don't have a foreign passport and foreign assets, I would treat a plan to relocate abroad as an exercise with a low probability of success with great risk. And the greater the crisis the lower the probability of it working out. Oh yeah. When your backup plan hits the point of "maybe there's ...
by halfnine
Fri Oct 13, 2017 4:23 pm
Forum: Investing - Theory, News & General
Topic: Gold ETF
Replies: 32
Views: 3325

Re: Gold ETF

Valuethinker wrote: Most survivalists have no clue. You want to somewhere in the Great Plains and be a member of the state police or some equivalent voluntary local police force. I wouldn't be headed up the blue Nile in such a situation. I'd be buying a ticket on a boat to get to a neutral nation n...
by halfnine
Fri Oct 13, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!
Replies: 26
Views: 1986

Re: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!

As to layering, I would only use multiple layers if planning on doing outdoor activities. But, if you are only planning on being in the cold as an interlude to spending time indoors, then wear whatever layering you would need to be comfortable inside and then one incredibly warm winter jacket for ou...
by halfnine
Wed Oct 11, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a new family home [Australia]
Replies: 19
Views: 2033

Re: Would you buy a new family home [Australia]

I am going to agree with Aloha Joe. As best I can tell you have a concentrated risk in housing right now and are underweight equities. Quickly and crudely your assets appear to be around 400K equity in property (at around 2x leverage) 250K in bonds (your offset account is similar to a bond) 150K in ...
by halfnine
Tue Oct 03, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Survivor Benefits
Replies: 21
Views: 3822

Re: Social Security Survivor Benefits

In researching I did find out that the windfall elimination provision does not affect survivor benefits. It only affects spousal benefits. So even though my mother was subject to a 50% reduction from WEP, my father's survivor benefits Will not be reduced by the WEP. That is my understanding as well.
by halfnine
Mon Oct 02, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: Buffett's idea of risk vs risk as in the formula: 'willingness, ability and need'
Replies: 50
Views: 2791

Re: Buffett's idea of risk vs risk as in the formula: 'willingness, ability and need'

I would say Mr. Buffett has a different idea regarding what investing is all about, specifically that it is a business enterprise and not how an individual goes about saving excess income for later consumption, aka retirement. As such his ideas of risk are not contradictory to n/a/w so much as orth...
by halfnine
Fri Sep 29, 2017 7:40 am
Forum: Investing - Theory, News & General
Topic: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?
Replies: 65
Views: 6945

Re: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?

More from that guy. The common misconception of "you can't outperform the market" is simply false. You can. Furthermore, it's not all that difficult. Here are few ways in which you outperform the market: Buy a leap option for 20% of your capital for 1 year out. Your exit points are: 1/2 of your pos...
by halfnine
Wed Sep 27, 2017 3:35 pm
Forum: Investing - Theory, News & General
Topic: Which is better a Cryptocurrency or Gold?
Replies: 99
Views: 6771

Re: Which is better a Cryptocurrency or Gold?

Interesting question. I own neither, but for the purposes you mention (and assuming I can't do some of both), I think I'd still choose gold, perhaps stored in a country like New Zealand. Cryptocurrencies could conceivably fill this role in the future, but at the moment it's a bit too unsure as to h...
by halfnine
Mon Sep 25, 2017 4:20 pm
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4713

Re: Asking for no wedding gifts

. ....My partner and I are planning a tiny wedding. As in, just the two of us, no photographer, no witnesses (legal where we live). We decided to tell our families so that they wouldn't feel blind-sided by the decision. So far, everyone has been very supportive..... If every one is supportive then ...
by halfnine
Mon Sep 25, 2017 4:02 pm
Forum: Personal Consumer Issues
Topic: Where do you get your news?
Replies: 131
Views: 9161

Re: Where do you get your news?

Currently I read the Economist, and a bit of Washington Post for breaking news. Thing is, I have recently had several smart people give me the advice to stop consuming news completely. The argument is that: 1) virtually none of it is actionable 2) it makes you unhappy Go cold turkey? I've never bee...
by halfnine
Mon Sep 25, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Do you avoid risky adventures once you have the money?
Replies: 71
Views: 4399

Re: Do you avoid risky adventures once you have the money?

DaftInvestor wrote:
Mon Sep 25, 2017 9:31 am
My risk taking changed quite a bit once I had children. It never changed due to wealth accumulation.
This.
by halfnine
Mon Sep 25, 2017 3:00 pm
Forum: Personal Consumer Issues
Topic: Older or younger people travel around?
Replies: 31
Views: 3356

Re: Older or younger people travel around?

I think there is a lot of truth to the fact that you will see a lot of either younger or older individuals traveling independently. Those in their 20s and 60s have less commitments while those in their 30s, 40s, 50s are more likely to have families to raise, mortgages to pay, and career paths to mai...
by halfnine
Sun Sep 24, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner
Replies: 20
Views: 1296

Re: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner

.....Don't forget US estate-tax if you spouse dies before you; "In case the account holder (US non-resident alien) passes away, the US will levy up to 40% estate tax [7] on US assets over the value of $60,000 USD [8]. " .... A US citizen spouse will qualify for a spousal exemption so the 60K is not...
by halfnine
Sun Sep 24, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner
Replies: 20
Views: 1296

Re: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner

When they sell the stock the US has no claim on capital gains of a tax non-resident. This is not my understanding. Selling US stocks generates US capital gains which is then a US source of income and taxed by the US under the tax treaty. Sorry but that's wrong. The US doesn't tax capital gains that...
by halfnine
Sun Sep 24, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner
Replies: 20
Views: 1296

Re: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner

..... 2) Social Security. I am not sure what the rules are on a foreign spouse getting spousal Social Security benefits but you would want to look at the details carefully since there may be a requirement for a number of year that you would need to be married. If you get married when you are on you...
by halfnine
Tue Sep 12, 2017 4:02 pm
Forum: Personal Consumer Issues
Topic: What do you do in slow travels?
Replies: 55
Views: 4648

Re: What do you do in slow travels?

As others have indicated, it's just not something you really do out of a hotel. Get an apartment or a house and live out of it. If it's for less then 2 months you will likely still want to be fairly close to the city centre or main attractions of wherever you are staying. Longer than that and you ca...
by halfnine
Sat Sep 09, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 6192

Re: Purchasing Home With Girlfriend; Good or Bad?

I haven't seen it mentioned but it's a possibility that she lives at home so she can save up money for a down payment. If this is the case living with the boyfriend gets her further away from home ownership while concurrently increasing her boyfriends net worth. When I was in a long term relationshi...
by halfnine
Thu Aug 17, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Folding Electric Bike
Replies: 41
Views: 2830

Re: Folding Electric Bike

Based on what I've seen for a higher price you are getting a lighter weight, an even smaller fold, or performance that is closer to a road bike. Depending on one's usage any of those could be quite important in their own right. But since you are looking for a bike that you can ride around casually a...
by halfnine
Sun Aug 06, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 8840

Re: Retire early, live abroad until 65 and come back

I'll just note a few comments Kramer and AlohaJoe always provide great advice in these type threads. Quality healthcare can be obtained abroad in many countries for reasonable prices. And, for those in search of a global insurance plan, I used IMG Global for many years. Yes, people can live just as ...
by halfnine
Sun Aug 06, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much do kids cost in a high COLA?
Replies: 57
Views: 4292

Re: How much do kids cost in a high COLA?

I've come to the conclusion that kids have an opportunity cost that takes it shape in some combination of time, space, stuff, social capital, and money. And the more you have of any one of them the less you may need of the others. So, for instance those who have a SAHP (time), a large house (space) ...
by halfnine
Sun Aug 06, 2017 4:17 pm
Forum: Personal Consumer Issues
Topic: Question for MTB'rs. Buying a bike.
Replies: 22
Views: 1603

Re: Question for MTB'rs. Buying a bike.

I am a big believer in frame geometry. At those costs, I'd look at various manufacturers and buy the frame that has the geometry that best suits my build and riding style. Then customize the rest of the parts around it.
by halfnine
Sat Jul 15, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 133
Views: 10059

Re: What advice to give 21 year old?

If I recall correctly you have an 8 figure net worth and are looking at inheritances for you kids in 7 figure ranges. At this point we are talking about family money in one form or another, it is just a matter of when or how. So, I might consider recommending 100% global stock and self-insure his ta...
by halfnine
Fri Jul 14, 2017 5:19 am
Forum: Personal Consumer Issues
Topic: Is it Safe to Get Your DNA Tested?
Replies: 71
Views: 7443

Re: Is it Safe to Get Your DNA Tested?

Is anyone aware of any of company abroad that does DNA testing? Preferably where one could do it anonymously.
by halfnine
Fri Jul 07, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Is the 'global market portfolio' rational for someone living in a small economic area like the Eurozone?
Replies: 60
Views: 3877

Re: Is the 'global market portfolio' rational for someone living in a small economic area like the EU?

Your allocation is a huge vote against the US market. My personal preference is not to make any large bet for or against a foreign country but also due to concentration risk to limit a country to max 40% total for stocks and bonds combined. Personally that puts me at about 30% US stock and 10% US bo...
by halfnine
Fri Jul 07, 2017 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Stress Testing Plans: How much stress?
Replies: 34
Views: 2846

Re: Stress Testing Plans: How much stress?

I am not convinced that any asset is riskless. As such, as a risk reduction strategy (or for stress testing) I have been toying with the idea of capping each asset class to an individual maximum of 40% of the uncapped sum of all asset classes. Separating the asset classes (or income streams if one p...
by halfnine
Wed Jul 05, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 7181

Re: Should I move abroad to minimize health care costs?

One of the biggest wildcards in personal finance is health care costs. We are 37 and 40. DW and I won’t have kids. We are both freelancers and don't qualify for subsidized insurance. We pay around $600 per month for our high deductible health plans. We make $120,000 per year give or take. One of my...
by halfnine
Fri Jun 16, 2017 5:41 am
Forum: Investing - Help with Personal Investments
Topic: Mid-40's, single parent, "retired", $1.6M portfolio, investment advice sought.
Replies: 50
Views: 8718

Re: Mid-40's, single parent, "retired", $1.6M portfolio, investment advice sought.

I quickly skimmed but not sure if I saw it mentioned already. If done correctly she should be paying close to zero in taxes and be eligible for lower health insurance premiums. Each tax year she would need to balance her capital gains and likely also perform IRA conversions to a Roth keeping both in...
by halfnine
Tue Jun 13, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question - Non-US citizen parent wants to gift wealth
Replies: 21
Views: 2326

Re: Tax question - Non-US citizen parent wants to gift wealth

..... One last question if anybody can answer. Say my father sells some property and the amount over 100,000 is transferred to me. I will report it but when do the taxes actually kick in? Specifically at what threshold has to be reached before the US government taxes the gift my father gives to me....