Search found 1897 matches

by neurosphere
Mon Jul 18, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Term Life
Replies: 14
Views: 1017

Re: State Farm Term Life

Do not buy any life insurance other than the typical term life policy. Avoid "return of premium" policies or any other such things that cost more money because it is always a bad deal for you. Always keep insurance and investing separate. What mptfan said. Here is my rule on life insuranc...
by neurosphere
Tue Jul 12, 2016 8:49 pm
Forum: Personal Consumer Issues
Topic: Healthcare cost quotes (Not so simple)
Replies: 34
Views: 2204

Re: Healthcare cost quotes (Not so simple)

I have a question about care delivered by a hospital to people who can't pay, and who don't have insurance. I have read or have been told the following, and don't know if it is true. That if a hospital provides services to a person without insurance and without ability to pay, that person will get b...
by neurosphere
Sun Jul 10, 2016 7:17 pm
Forum: Investing - Theory, News & General
Topic: Why do people invest in Long Term Bonds now?
Replies: 44
Views: 4866

Re: Why do people invest in Long Term Bonds now?

I have noticed in the literature and also by some in this forum suggestions of investing in long term treasury bonds. I wonder why anyone would do that in this environment when there is a matter of time before rates go up. Can someone explain that? I moved from short and intermediate term bonds int...
by neurosphere
Wed Jul 06, 2016 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: HCE [Highly compensated employee]
Replies: 15
Views: 1867

Re: HCE [Highly compensated employee]

I currently work two jobs. I make around 75,000 at each job. While at $150,000 some might consider you highly compensated, you are not considered a "highly compensated employee" for the purposes of employer retirement plans. The HCE definitions apply only to the compensation received from...
by neurosphere
Wed Jul 06, 2016 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 16
Views: 1004

Re: Turning down employer provided universal life insurance?

Do you know for sure that you can name the beneficiary of this policy? You imply that your family would benefit but it is possible the insurance exists for your employer's benefit. Good point. But if the policy is for the employer's benefit, would any of it be taxable to me? I wouldn't think so. My...
by neurosphere
Wed Jul 06, 2016 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 16
Views: 1004

Re: Turning down employer provided universal life insurance?

Do you have to undergo medical underwriting? No point in asking the insurance rep whether you should take it, of course the answer is yes! Did you get a straight answer whether you can reduce the death benefit and start accumulating cash value? What happens if you give the policy to charity? What c...
by neurosphere
Wed Jul 06, 2016 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 16
Views: 1004

Re: Turning down employer provided universal life insurance?

I apologize for the OP for jumping in, but I need help too. I was reading this and suddenly become alerted. I have been insured by my employer(s) for so many years (term-life insurance) of over that amount of $50,000. My W2 never included any insurance fringe benefits. Was I filing my taxes wrong a...
by neurosphere
Wed Jul 06, 2016 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 16
Views: 1004

Re: Turning down employer provided universal life insurance?

One thing I realized just now is that perhaps the premiums paid by my employer do not result in a dollar per dollar taxable amount to me? I'm learning that is not likely the case. For term insurance, imputed income varies by age, and is a function of rates set by the IRS and not by the actual premiu...
by neurosphere
Wed Jul 06, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 16
Views: 1004

Re: Turning down employer provided universal life insurance?

Even if you don't need the insurance, wouldn't the insurance be worth at least 40% of the premium? Term4sale says I can get a $500,000 20-year term life policy for $500/year, or a to-age-70 policy for $900. I'm going to pay much more than that in taxes in this policy. Yes, I realize it's permanent ...
by neurosphere
Wed Jul 06, 2016 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 16
Views: 1004

Re: Turning down employer provided universal life insurance?

This sounds like a question that should be addressed to the HR manager. My suggestion would be to ask for the cash instead of the insurance. I already know from HR that cash instead of insurance is not an option. Eventually, yes, I will go directly to HR to ask whether I am required to sign up for ...
by neurosphere
Wed Jul 06, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 16
Views: 1004

Re: Turning down employer provided universal life insurance?

It's kind of surprising for an employer to offer universal life vs. term insurance. (At least to me). The imputed income associated with term life is pretty small. About the only way they can "make" you sign is if it is made a condition of continued employment. I would ask the rep flatly ...
by neurosphere
Wed Jul 06, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 16
Views: 1004

Turning down employer provided universal life insurance?

This is a long story, but I'll try to provide the critical elements. My employer pays the premiums on a universal life insurance policy, described in the quote as a "flexible premium, adjustable benefit life insurance policy". The employer (will) pay about $4500 a year in premiums for a de...
by neurosphere
Tue Jul 05, 2016 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Social security loss if retiring early
Replies: 28
Views: 2445

Re: Social security loss if retiring early

I thought it did matter if somebody made a lot earlier in their career rather than later with the inflation adjustment . Am I missing something ? yes and no. It depends on how you define earnings. If you have $10,000 in earnings in your lifetime, it is better to have had those earnings in 1984 than...
by neurosphere
Tue Jul 05, 2016 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Social security loss if retiring early
Replies: 28
Views: 2445

Re: Social security loss if retiring early

Thanks for all the information, I do understand that claiming benefits early means a significant reduction. Even if I am able to retire in my 50s, I do not plan to take benefits before 67. My question was more about total SS earnings and SS contributions and how much I would lose if working 25-27 y...
by neurosphere
Thu Jun 30, 2016 8:07 pm
Forum: Local Chapters and Bogleheads Community
Topic: Abuss368 has 10,000 posts!!
Replies: 29
Views: 1766

Re: Abuss368 has 10,000 posts!!

Let's not get too excited. Due to mean reversion, he'll average 20 posts a year for the next 10 years.

Alternately, if Abuss's posts were like hamburgers, Buffett would say we should not be exited to pay this much for hamburgers. Too expensive. :wink:
by neurosphere
Wed Jun 29, 2016 5:21 pm
Forum: Investing - Theory, News & General
Topic: I think Buffett got this wrong
Replies: 87
Views: 4906

Re: I think Buffett got this wrong

My answer: the shares I bought after the 10% drop will, without question, have a GREATER return on my 75th birthday than the shares purchased just before the drop. And this is true no matter what the share price is on my 75th birthday. It this point in dispute at all? Or are we all just talking pas...
by neurosphere
Wed Jun 29, 2016 4:51 pm
Forum: Investing - Theory, News & General
Topic: I think Buffett got this wrong
Replies: 87
Views: 4906

Re: I think Buffett got this wrong

The difference between this straw-Buffett and me is that *my* estimate for the long-term price estimate, say, 50 years from now, does change when we have a bad day. Just as my estimate for where the 100-coin-flip experiment ultimately ends up depends on what happens during the experiment; if we see...
by neurosphere
Wed Jun 29, 2016 4:24 pm
Forum: Investing - Theory, News & General
Topic: I think Buffett got this wrong
Replies: 87
Views: 4906

Re: I think Buffett got this wrong

He seems to be imagining that there is a long-term end point to which the market is going (somehow...); therefore, any drop in the meantime allows us to buy stock at a lower price and therefore get a better return once we reach that long-term value. YES. He is INDEED proposing or assuming that ther...
by neurosphere
Wed Jun 29, 2016 12:29 pm
Forum: Investing - Theory, News & General
Topic: What is the Bogleheads position on Long-term successful daytraders?
Replies: 88
Views: 4934

Re: What is the Bogleheads position on Long-term successful daytraders?

Elbowman wrote:This. You don't need to prove that there are no successful professional chess players to conclude that trying to make a living playing chess is a bad (financial) idea for nearly everyone.


How funny, I was actually going to use the chess analogy too.
by neurosphere
Wed Jun 29, 2016 12:12 pm
Forum: Investing - Theory, News & General
Topic: What is the Bogleheads position on Long-term successful daytraders?
Replies: 88
Views: 4934

Re: What is the Bogleheads position on Long-term successful daytraders?

Why is it so difficult to admit that there are actually people who can make money consistently doing this, and that it is an actual skill (i.e. Michael Burry)? I don't think the roulette table example applies. Being an NBA all star is a skill as well. What percentage of people (who otherwise have t...
by neurosphere
Tue Jun 28, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! last minute Q re: physician disability insurance
Replies: 12
Views: 698

Re: HELP! last minute Q re: physician disability insurance

That makes sense. I guess I just don't understand why I would be restricted to 6.5k - 7k when I could have a disability that would only be covered by my individual policy (and my employer policy just would deny). What are my options if I really want to purchase more? Let's say I want to protect mor...
by neurosphere
Tue Jun 28, 2016 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! last minute Q re: physician disability insurance
Replies: 12
Views: 698

Re: HELP! last minute Q re: physician disability insurance

Thanks. That's correct, I will have coverage through my employer of 60% of salary, up to $20k. I guess what I'm wondering is for physicians in a similar situations, assuming you are healthy and there are no other reasons why max benefits would be lower, what is the max benefit that physicians are b...
by neurosphere
Tue Jun 28, 2016 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! last minute Q re: physician disability insurance
Replies: 12
Views: 698

Re: HELP! last minute Q re: physician disability insurance

If I'm reading your post correctly, it seems that your future employer already provides you with disability insurance, which is 60% of your salary. Therefore, as far as individual policies are concerned, the insurance company limits the amount of "additional" coverage you can purchase, suc...
by neurosphere
Tue Jun 28, 2016 9:12 am
Forum: Investing - Theory, News & General
Topic: VEA - Will the last decade be lost?
Replies: 13
Views: 1827

Re: VEA - Will the last decade be lost?

In Developed non-US markets they didn't really bounce back strongly from the 2008-9 crisis so people talk about the malaise, the lost decade, and "why invest outside of the US". The US did bounce back strongly from the 2008-9 crisis so people talk about things being overvalued and histori...
by neurosphere
Sun Jun 26, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 11503

Re: What did you learn from the post-Brexit bloodbath?

I learned that some day 10 years in the future, nisiprius will post an image of a chart with the BLOODBATH CARNAGE ARMAGEDDON that was Friday's Brexit result, and I won't be able to really even see the decline on a logarithmic scale. :D
by neurosphere
Fri Jun 24, 2016 6:40 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1826

Re: Recommendation for international SIM cards?

Your phone will not be able to use data at LTE speeds but will get 3g. This site will give a breakdown of the frequencies/LTE bands used in Greece. https://www.frequencycheck.com/countries/greece Do your sim cards plans include data? That's a great site, thanks. It confirms that I will only get 3g....
by neurosphere
Fri Jun 24, 2016 2:04 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1826

Re: Recommendation for international SIM cards?

It seems GSM is used in Europe. SOOO...it seems if I want to use my phone in Greece I could either purchase a SIM card in Greece for it (giving it a new number, but then I could forward my google voice to it). But wait, if the phone is "locked", perhaps I can't just slip a new SIM into it...
by neurosphere
Fri Jun 24, 2016 12:57 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1826

Re: Recommendation for international SIM cards?

Hi all, I ended up purchasing "europe" SIM cards which come with a great britain number, which is fine. I was able to then preload the phones with the appropriate contact numbers and now everyone has everyone elses' overseas information, with phones which will work upon landing and not req...
by neurosphere
Wed Jun 22, 2016 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Roll over expensive 401k and lose Backdoor Roth?
Replies: 14
Views: 727

Re: Roll over expensive 401k and lose Backdoor Roth?

However, after taking another look at the funds today, I noticed a new option just added - the Vanguard Institutional Index Fund (VINIX) (ER: 0.04%) which tracks the S&P! Given this, I think I'll simply roll over the old 401k into the new 401k, put it all in VINIX, adjust my desired AA in my ot...
by neurosphere
Wed Jun 22, 2016 11:17 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) Fee Assistance
Replies: 15
Views: 533

Re: 401(k) Fee Assistance

I don't understand your comment that the offerings in your 401k aren't as cheap as you'd like them to be. Some of them are very cheap! I wish even one of the funds available in my 401k had an ER as low as the low-cost funds in your 401k. You have surely noticed that you could lower your average ER ...
by neurosphere
Wed Jun 22, 2016 11:11 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) Fee Assistance
Replies: 15
Views: 533

Re: 401(k) Fee Assistance

You have some great funds in your 401k. The rest of the country should be so lucky! :sharebeer And I agree, that there is no reason to pay more in fees in order to "purchase" some of the asset classes which are available to you for higher fees when compared to the rock-bottom Vanguard fees...
by neurosphere
Wed Jun 22, 2016 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Perhaps a silly question regarding TIPS and "Total Bond Market" index funds
Replies: 23
Views: 1823

Re: Perhaps a silly question regarding TIPS and "Total Bond Market" index funds

Does anyone feel there might be a rebalancing bonus when mixing nominal bonds funds and TIPS funds? My personal portfolio has a health dollop of TIPS, despite my relatively young age, because I started out way back following Bernstein's "Sheltered Sam" portfolio which recommended 50/50 TIP...
by neurosphere
Wed Jun 22, 2016 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Roll over expensive 401k and lose Backdoor Roth?
Replies: 14
Views: 727

Re: Roll over expensive 401k and lose Backdoor Roth?

Phrased another way, the OPs question might be considered "what is a Roth IRA worth?" I.e., is it worth it to pay $3500/year in fees for the privilege of contributing $5500 (or $6500) into a Roth vs. investing that $5500 in a taxable account? This question is, of course, complicated by the...
by neurosphere
Wed Jun 15, 2016 8:58 pm
Forum: Investing - Theory, News & General
Topic: 60:40 is dead: Charles Sizemore
Replies: 51
Views: 6048

Re: 60:40 is dead: Charles Sizemore

Some points: 1) His target audience is accredited investors only... What exactly are accredited investors? Are they basically high net worth folks ($10M+) who somehow find it exciting to pay higher than average management fees while getting lower than average total return? $10M+? Hardly. https://en...
by neurosphere
Tue Jun 14, 2016 2:51 pm
Forum: Personal Consumer Issues
Topic: Would you pay 6x face value to see Hamilton on Broadway?
Replies: 139
Views: 8496

Re: Would you pay 6x face value to see Hamilton on Broadway?

I performed in a high-school play with one of the leads who won a Tony the other night. Played her father. Wish I could say I had one one-millionth of the voice she has. Anyway, would love to see this cast, and I can walk to the theater from my apartment. But just can't justify the cost. Not worth d...
by neurosphere
Tue Jun 14, 2016 1:09 pm
Forum: Investing - Theory, News & General
Topic: NYT: Hedge Funds Make Effort to Retain Investors
Replies: 8
Views: 1243

Re: NYT: Hedge Funds Make Effort to Retain Investors

Years ago a family member with a job at one of the giant financial services firm had a 401k plan where one of the options was basically a fund of hedge-funds. Unlike investing directly in a hedge fund (which requires a net worth of one million dollars or an income of $200,000 I believe, but don't qu...
by neurosphere
Tue Jun 14, 2016 9:09 am
Forum: Investing - Theory, News & General
Topic: John Oliver covers retail investment industry on Last Week Tonight
Replies: 113
Views: 14462

Re: John Oliver covers retail investment industry on Last Week Tonight

If this really counts as journalism, it's a standard practice to issue corrections when you find out you were wrong or misleading. If they need to add humor to their correction, it's right there in front of them, in the middle 2 syllables of the word "fiduciary." That's quite funny. :shar...
by neurosphere
Tue Jun 14, 2016 8:55 am
Forum: Investing - Theory, News & General
Topic: John Oliver covers retail investment industry on Last Week Tonight
Replies: 113
Views: 14462

Re: John Oliver covers retail investment industry on Last Week Tonight

As for the effect of the show, I wonder how many people will actually be influenced. I think quite a lot of people will be influenced over the years. It is making the rounds in the news media right now. Blogs will link to this show and folks will rediscover it. There will even be a new Bogleheads t...
by neurosphere
Mon Jun 13, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Geico says I wouldn't have to pay legal fees under umbrella policy.
Replies: 16
Views: 2523

Re: Geico says I wouldn't have to pay legal fees under umbrella policy.

I received the complete policy terms from Geico and it simply seems like beefed up liability limits, and not much in the way of gap coverage. Not sure what you mean by this. Umbella insurance basically provides two things: 1) increase liability limits on policies you already own, such as auto and h...
by neurosphere
Mon Jun 13, 2016 3:06 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1826

Re: Recommendation for international SIM cards?

http://prepaid-data-sim-card.wikia.com/wiki/Greece I am traveling soon to a few new countries and I have found the above site useful for understanding their SIMs and mobile systems. The phone to which you linked on Amazon does texts (that is what SMS means). Thanks, that link will be helpful for pu...
by neurosphere
Mon Jun 13, 2016 2:39 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1826

Re: Recommendation for international SIM cards?

I'm too busy at the moment to go into detail, but you should also consider getting a google number for traveling internationally. Lots of cool things you can do with it. You can give everyone that single number and easily log into google and have any calls to your google number forwarded to the num...
by neurosphere
Mon Jun 13, 2016 11:51 am
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1826

Re: Recommendation for international SIM cards?

Thanks everyone for your help/ideas! I have been in Greece the last couple of months, and was here last year as well. Pretty easy to pickup a Cosmote sim for next to nothing, and you can get a 10 EUR recharge card anywhere. Credit goes a long way with good 3G coverage. However do not count on buying...
by neurosphere
Mon Jun 13, 2016 9:03 am
Forum: Investing - Theory, News & General
Topic: John Oliver covers retail investment industry on Last Week Tonight
Replies: 113
Views: 14462

Re: John Oliver covers retail investment industry on Last Week Tonight

Favorite line (paraphrase): "As you get older, gradually shift your portfolio to add more bonds. Do this about as often as they pick a new actor to play James Bond" My one beef with the program was when they implied that 1% in fees was reasonable: "Try to keep your fees, like your mil...
by neurosphere
Mon Jun 13, 2016 8:11 am
Forum: Investing - Theory, News & General
Topic: John Oliver covers retail investment industry on Last Week Tonight
Replies: 113
Views: 14462

Re: John Oliver covers retail investment industry on Last Week Tonight

A direct link to this episode is here: Last Week Tonight with John Oliver: Retirement Plans A warning to some who are not familiar with the show. The segment might be considered "R" rated, with salty language and such. I gave a one-hour talk just a few days ago to physicians about indexin...
by neurosphere
Sun Jun 12, 2016 6:07 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1826

Re: Recommendation for international SIM cards?

These are the phones we have: https://www.amazon.com/Samsung-E1080-Unlocked-Dual-Band-Phone/dp/B003HC8GEA?ie=UTF8&ref_=pe_175190_21431760_M2T1_SC_dp_2 "Samsung E1080 Unlocked Dual-Band GSM Phone - International Version with Warranty (Black) - NOT for use in the USA...Unlocked Dual-Band GSM ...
by neurosphere
Sun Jun 12, 2016 5:40 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1826

Re: Recommendation for international SIM cards?

Thanks for the replies so far. Additional information: We have an elderly family member traveling alone from the US to greece to meet us there around the same time we also arrive. Our hope would be that he has a number/phone ready to go when he lands, and that we also have a number we can give out i...
by neurosphere
Sun Jun 12, 2016 3:55 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1826

Recommendation for international SIM cards?

I travel to greece once every 2-3 years to visit family, due to my deep respect for family. The fact that there are beaches and sun does not influence my decision to travel there in the least. :wink: For the past many years, we have used a global candy-bar type Samsung phone with an international SI...
by neurosphere
Sun Jun 12, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Geico says I wouldn't have to pay legal fees under umbrella policy.
Replies: 16
Views: 2523

Re: Geico says I wouldn't have to pay legal fees under umbrella policy.

Speaking from personal experience, the real question is "what exactly am I insured for". Had them turn their backs (fortunately an involved agency assumed all the lawyer costs and there were no damages). Are you able to elaborate? You imply that you had an umbrella insurance policy which ...
by neurosphere
Fri Jun 10, 2016 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Geico says I wouldn't have to pay legal fees under umbrella policy.
Replies: 16
Views: 2523

Re: Geico says I wouldn't have to pay legal fees under umbrella policy.

I got a quote today for an umbrella policy with Geico. The agent informed me that, since Geico would be as interested in avoiding loss as I would, they would pay for legal fees on my behalf and that I would only be liable for the damages, as the case may be. Perhaps I didn't ask the right questions...
by neurosphere
Fri Jun 10, 2016 4:37 pm
Forum: Forum Issues and Administration
Topic: What happened? (Forum was down for hours)
Replies: 20
Views: 2216

Re: What happened? (Forum was down for hours)

Good eyes! Whenever the server goes offline, I always do behind-the-scenes maintenance to be sure nothing is broken. No worries, this is just something I do as a preventive measure. The maintenance is done for both the forum and wiki. What you saw was the database rebuilding the member's post count...

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