Search found 1138 matches

by ivk5
Mon Sep 21, 2020 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Beneficiary Modification
Replies: 57
Views: 2651

Re: Trust Beneficiary Modification

Dad could also use current trust income to buy life insurance to benefit mom. That would probably not be most cost effective solution but could be another (perhaps more direct way) to achieve what’s desired here without prejudice to OP and sibling...
by ivk5
Tue Sep 15, 2020 3:09 am
Forum: Non-US Investing
Topic: Uk resident making a gift to his son (French resident). Tax question
Replies: 4
Views: 524

Re: Uk resident making a gift to his son (French resident). Tax question

I don’t have first hand experience with this scenario but this might help? https://www.spectrum-ifa.com/the-gift-of-giving/ Gifts from a UK resident to a French resident – UK tax applies If you receive gifts from a UK resident, such gifts are generally subject to UK tax rules. However, if the recipi...
by ivk5
Sun Sep 13, 2020 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason not to cash out a small nuisance IRA?
Replies: 12
Views: 832

Re: Any reason not to cash out a small nuisance IRA?

You could also combine it into another IRA, assuming this isn’t your only one.
by ivk5
Sun Sep 13, 2020 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?
Replies: 71
Views: 5961

Re: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?

So sorry to hear the story. How awful. You need good trustworthy legal counsel to advise you on strength of case, costs of litigation, likelihood of various outcomes, and settlement strategy. Be mindful of potential conflicts of interest (including those unavoidably linked to fee arrangements, wheth...
by ivk5
Fri Sep 11, 2020 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Able to amend returns? Should I? [claim investment interest deduction]
Replies: 6
Views: 292

Re: Able to amend returns? Should I? [claim investment interest deduction]

In my large firm partners deduct interest on partner capital loans on Schedule E. Reduces SE income as well. This is based on guidance of a Big 4 firm although I can’t cite chapter and verse from IRC in support.
by ivk5
Fri Sep 11, 2020 3:26 am
Forum: Non-US Investing
Topic: Using Swiss Bank and Taxes
Replies: 22
Views: 2496

Re: Using Swiss Bank and Taxes

OP I don’t see what problem you’re trying to solve or why you think UBS will solve it. If I were in your place I'd stick with IB.

I’m a CH resident, no experience with taxes on investments of non-residents.
by ivk5
Fri Sep 04, 2020 6:17 am
Forum: Non-US Investing
Topic: Portfolio review - French family in CH
Replies: 18
Views: 1146

Re: Portfolio review - French family in CH

What is the logic behind excluding wife's 2nd pillar from your asset allocation? (I see you've included pillar 3a) Transferwise is decent for CHF>USD exchange. Revolut is a bit better in my experience (EDIT: at this moment, CHF 1000 => USD 1091.91 via TW vs USD 1097.49 via Revolut). Interactive Brok...
by ivk5
Wed Sep 02, 2020 4:41 am
Forum: Investing - Theory, News & General
Topic: Ark Funds
Replies: 28
Views: 2321

Re: Ark Funds

langlands wrote: Tue Sep 01, 2020 10:34 pm But it seems the TSLA bull thesis is partially that Musk is a messiah and perhaps true believers can identify those.
True believers have identified 10 of the last 5 messiahs.
by ivk5
Fri Aug 28, 2020 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with large income increase
Replies: 9
Views: 1503

Re: Dealing with large income increase

Edited to add: I see no reason for financial advisor but if you want to consult and stick to fixed/hourly fee fiduciary prob won’t hurt. A little tax optimization is possible, but not much. IMHO direct indexing w aggressive TLH isn’t worth the complexity (and, with some approaches, tracking error). ...
by ivk5
Thu Aug 27, 2020 5:05 am
Forum: Personal Finance (Not Investing)
Topic: How to find furnished apt. for short-term rental
Replies: 11
Views: 683

Re: How to find furnished apt. for short-term rental

Not exactly what you prob had in mind, but in areas near a university community we’ve had success (in both US and elsewhere) with sabbaticalhomes.com.
by ivk5
Thu Aug 27, 2020 4:26 am
Forum: Non-US Investing
Topic: TransferWise vs Schwab for EUR to USD recurring transfers
Replies: 37
Views: 2495

Re: TransferWise vs Schwab for EUR to USD recurring transfers

I suggest Revolut +1 For my location and currency pair (not EUR/USD) Revolut is materially cheaper than TransferWise, though marginally more learning curve - considerably easier than IBKR from my understanding. IBKR would prob be cheaper still, but more involved, and not an option for me for unrela...
by ivk5
Tue Aug 18, 2020 9:50 am
Forum: Personal Investments
Topic: Different risk tolerance in the family
Replies: 29
Views: 1765

Re: Different risk tolerance in the family

konik wrote: Tue Aug 18, 2020 3:08 am That all sound quite suspicious for my wife (especially as I'm just learning things)
+1
by ivk5
Mon Aug 17, 2020 9:05 am
Forum: Non-US Investing
Topic: When does your tax domicile matter?
Replies: 4
Views: 504

Re: When does your tax domicile matter?

Even for US taxpayers I believe the treatment of domicile and statutory residency is different for state tax than for federal tax, and differs between states...
by ivk5
Fri Aug 14, 2020 3:02 am
Forum: Personal Investments
Topic: Informed by California colleges to not bother with an HSA
Replies: 20
Views: 2326

Re: Informed by California colleges to not bother with an HSA

I assumed “colleges” was a typo for “colleagues”
by ivk5
Thu Aug 13, 2020 3:08 am
Forum: Personal Investments
Topic: Reset cost basis - is this possible?
Replies: 10
Views: 1087

Re: Reset cost basis - is this possible?

curious george wrote: Wed Aug 12, 2020 8:07 pm He was asking about either doing a partial IRA to ROTH conversion vs taking some capital gains and resetting his cost basis.
Long active thread on modeling whether to use the space for Roth conversions or tax gain harvesting. viewtopic.php?f=10&t=320854
by ivk5
Wed Aug 12, 2020 3:44 am
Forum: Personal Finance (Not Investing)
Topic: IRS account says no return filed, did receive "Payment with return" and cashed check, no letter?
Replies: 12
Views: 1000

Re: IRS account says no return filed, did receive "Payment with return" and cashed check, no letter?

Mr. Rumples wrote: Wed Aug 12, 2020 3:12 am I am in the same boat. I finally got through to a human. He said their goal was to have everything punched and up to date by Sept. 12 and to check after that date.
Are you sure that wasn't just different words for "check back in another month"?
by ivk5
Mon Aug 10, 2020 7:49 am
Forum: Personal Investments
Topic: Converting Vanguard mutual funds to ETFs.
Replies: 6
Views: 610

Re: Converting Vanguard mutual funds to ETFs.

Use search- widely discussed here. Yes, it's a non-taxable event. IIRC I had to call to request it over the phone- at that time at least it was not possible to request online. Conversion was done at closing NAV that day or possibly the next day. For taxable acct, cost basis was preserved/converted a...
by ivk5
Mon Aug 10, 2020 4:04 am
Forum: Personal Finance (Not Investing)
Topic: family 1099 and llc
Replies: 3
Views: 415

Re: family 1099 and llc

She does not need income to contribute to an IRA if you file jointly. She may contribute based on your joint income. Google “spousal IRA.”
by ivk5
Thu Jul 23, 2020 5:23 pm
Forum: Personal Consumer Issues
Topic: Insurance for daughter arriving from London
Replies: 10
Views: 1085

Re: Insurance for daughter arriving from London

I have used visitorscoverage.com. No claims experience.
by ivk5
Mon Jul 20, 2020 2:55 am
Forum: Investing - Theory, News & General
Topic: which currency for bonds?
Replies: 4
Views: 309

Re: which currency for bonds?

What are your nationalities? Where do you have family/community/other ties? Where are you likely to live in future? Seems like those are important considerations. You mentioned Eurozone- if that’s a possible/likely destination I’d be inclined to keep part of fixed income in EUR-denominated assets- p...
by ivk5
Mon Jul 13, 2020 2:42 am
Forum: Non-US Investing
Topic: Retirement Contributions for US Expat
Replies: 3
Views: 611

Re: Retirement Contributions for US Expat

I don’t know the answer but couple thoughts. I assume your HK earnings are taxed by HK. How does the effective rate compare to what you would pay in the US without the FEIE? (If there is a possibility you may live in a low-tax jurisdiction within the next 10y and earnings may eventually exceed FEIE ...
by ivk5
Thu Jul 09, 2020 4:11 am
Forum: Personal Consumer Issues
Topic: Google voice is dropping calls. Anyone else?
Replies: 11
Views: 866

Re: Google voice is dropping calls. Anyone else?

Google voice is not a single service. I make google voice calls using my phone carrier, phone GV app, PC, Google Home Mini and SIP device. Not experienced dropping calls lately because of Google fault. Which device do you use? A cellphone that has a Mint sim card. Then it's 99% mint's fault. Your i...
by ivk5
Wed Jul 01, 2020 2:41 am
Forum: Investing - Theory, News & General
Topic: Documenting my investments in real time for future reference: bought my gold
Replies: 22
Views: 1289

Re: Documenting my investments in real time for future reference: bought my gold

Good luck! Appreciate the openness and willingness to discuss moves not necessarily aligned with BH dogma.

For the rest of us, a good reminder of a hidden risk of concentrated bets (like your GOOG/AMZN one). It may go great and embolden you to move on to bigger and riskier bets that eventually won’t.
by ivk5
Fri Jun 26, 2020 2:16 am
Forum: Personal Finance (Not Investing)
Topic: WSJ Reporter doing story about doing taxes by hand
Replies: 33
Views: 3914

Re: WSJ Reporter doing story about doing taxes by hand

I did 15-20 yrs of taxes by hand. Great education and the resulting understanding of tax planning considerations has been very valuable. Still, I missed things. Notably, one year I had FICA overwithheld by $1k due to multiple employers, which I didn’t claim or notice until too late to amend. I’m sur...
by ivk5
Wed Jun 24, 2020 11:46 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1517

Re: Expat in Switzerland using Schwab

Would you (try to) sign up for IB using our Swiss residential address, or using our US mailing address? Apologies, I did not realize this: (MiFID/PRIIPs requirements don't currently apply to Swiss investors.) If that's the case, it's not clear to me why you will have any issues at all with your Swi...
by ivk5
Wed Jun 24, 2020 8:35 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1517

Re: Expat in Switzerland using Schwab

1. Just to double check -- is it illegal for expats to buy US-housed funds/etfs, or is it just an accounting issue for the brokerage firms that they want to avoid? That is, if we are found out to have been trading US-domiciled funds while living abroad, are there any consequences or tax implication...
by ivk5
Wed Jun 24, 2020 7:17 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1517

Re: Expat in Switzerland using Schwab

On a side note Revolut is changing their plan and you can only currency convert 1k a month starting August 2020 That limit applies only to their free plan. CHF 9 per month plan eliminates that limit. To the best of my knowledge, that is not changing. I would happily switch to IB but cannot, due to ...
by ivk5
Wed Jun 24, 2020 3:44 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1517

Re: Expat in Switzerland using Schwab

Can you change your Schwab address to a US mailing address (friend/family)? Can you proactively open another brokerage with a US address as a contingency? We still keep a US mailing address with a relative. I don't remember the reasons, but our advisor was really adamant about changing our address ...
by ivk5
Wed Jun 24, 2020 3:07 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1517

Re: Expat in Switzerland using Schwab

I’m also a US expat living in Switzerland. Ditching the advisor is prob a good idea, but I would definitely make sure you are not jeopardizing your ability to continue investing through a US brokerage. I have relationships with 2 large US brokers, though only actively use 1. I use US mailing address...
by ivk5
Wed Jun 24, 2020 2:48 am
Forum: Personal Finance (Not Investing)
Topic: TransferWise versus Interactive Brokers - thread?
Replies: 18
Views: 1593

Re: TransferWise versus Interactive Brokers - thread?

I’ve used Revolut as a middle ground between IB and TW on both cost/convenience. I’ve converted/transferred equivalent of USD 20-30K many times, and 50-75K at least once. I’m converting/transferring a different currency pair (USD/other) but since they are UK-based I would expect they’d be competitiv...
by ivk5
Wed Jun 17, 2020 3:27 am
Forum: Personal Investments
Topic: Dump 40 year old whole life policy?
Replies: 20
Views: 2057

Re: Dump 40 year old whole life policy?

+1, 10k would not move the needle for me. I would worry some insurance sales rep would try to talk my spouse into rolling it over into some product that would be way worse than the upside benefit. Oh! I had not considered the danger of a sales rep talking my spouse into something. I would not worry...
by ivk5
Mon Jun 15, 2020 4:42 am
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 12052

Re: Retiring Abroad

Seems like most people appreciate the effort (except maybe the French!). Living in other countries and getting more exposure to other cultures may make you less inclined to traffic in such hackneyed stereotypes or paint other humans with such a broad brush. My sister who speaks multiple languages a...
by ivk5
Mon Jun 15, 2020 4:00 am
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 12052

Re: Retiring Abroad

houseofnine wrote: Sun Jun 14, 2020 9:11 am Seems like most people appreciate the effort (except maybe the French!).
Living in other countries and getting more exposure to other cultures may make you less inclined to traffic in such hackneyed stereotypes or paint other humans with such a broad brush.
by ivk5
Tue Jun 09, 2020 2:11 am
Forum: Personal Investments
Topic: A Prodigal Boglehead Returns (poorer)
Replies: 32
Views: 4827

Re: A Prodigal Boglehead Returns (poorer)

elliott1234 wrote: Mon Jun 08, 2020 8:58 pm 2. My problem wasn't panic it was hubris... I felt I had seen the corona drop coming and blew my chance, so I was trying to make up for it by making a move.
This in particular is very wise.

Congrats OP!
by ivk5
Tue Jun 02, 2020 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Reputable Term Life Insurance Broker
Replies: 17
Views: 1109

Re: Reputable Term Life Insurance Broker

Last few posts seem unresponsive to the question posed. What will ratings tell you? Past customers are unlikely to have any non-public info about an agent’s back office data handling processes and tools. I absolutely sympathize with the concern about personal data protection. But I think this risk i...
by ivk5
Fri May 29, 2020 11:23 pm
Forum: Investing - Theory, News & General
Topic: Is this the end of risk parity?
Replies: 60
Views: 5070

Re: Is this the end of risk parity?

best hedge for me is : paid off mortgage, zero debt, low monthly expenses, 3 years for emergency and stay 100% in equities. That's not even close to 100% equities. why not ? 49x in 100% equities and 3x in CD Because that would equate to 94.2% equities. I think whodidntante prob also had in mind the...
by ivk5
Mon May 25, 2020 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Use of TransferWise to move money - my experience - your thoughts?
Replies: 22
Views: 5206

Re: Use of TransferWise to move money - my experience - your thoughts?

I would like to send money via TransferWise directly to my Vanguard Prime Money Market account. When I choose "bank transfer" on their website, TransferWise asks me for routing and account numbers. Vanguard CS tells me Vanguard doesn't have a routing number. Does anybody know if I can use Vanguard'...
by ivk5
Thu May 21, 2020 3:09 pm
Forum: Personal Investments
Topic: Requesting advice: Ed Jones (taxable) to Vanguard for folks in mid-90s
Replies: 47
Views: 3064

Re: Requesting advice: Ed Jones to Vanguard for folks in mid-90s

For example, if the Edward Jones account is tax-deferred, start withdrawing funds now at the lower MFJ tax rate and placing them in a regular brokerage account so that the survivor could draw those funds mostly tax free. For funds not immediately needed to pay expenses, isn’t Roth conversion strict...
by ivk5
Tue May 19, 2020 2:13 am
Forum: Personal Investments
Topic: Requesting advice: Ed Jones (taxable) to Vanguard for folks in mid-90s
Replies: 47
Views: 3064

Re: Requesting advice: Ed Jones to Vanguard for folks in mid-90s

For example, if the Edward Jones account is tax-deferred, start withdrawing funds now at the lower MFJ tax rate and placing them in a regular brokerage account so that the survivor could draw those funds mostly tax free. For funds not immediately needed to pay expenses, isn’t Roth conversion strict...
by ivk5
Mon May 18, 2020 9:43 am
Forum: Personal Investments
Topic: Moving from Treasuries to CDs
Replies: 19
Views: 1230

Re: Moving from Treasuries to CDs

What is the goal of your fixed income holdings? Are you seeking yield, or are you primarily interested in reducing volatility in your overall portfolio? Reducing volatility for the most part. I dont generally reach for yield but it seems like 1.3% with 7mo duration is better than .67% with a 7yr du...
by ivk5
Mon May 18, 2020 5:37 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 4247

Re: Dual citizen, USA passport expiring, how to travel internationally

As others pointed out getting out of the counry isn't the issue, it is getting back in! Incorrect. As I have pointed out already, getting out of the country IS the issue as well. If you are a US citizen, you have leave the country with a valid US passport. This person's passport expires in July, an...
by ivk5
Wed May 13, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2726

Re: Deferred Compensation Money Gets Taxed

I'm looking at this from a very simple, common sense perspective, because the numbers just don't seem plausible: Out of $87.31 taxable income, I was hit with $65.70 tax, which is an effective tax rate of 75%. No amount of rationalizations will make me accept that this is correct or reasonable. Appr...
by ivk5
Wed May 13, 2020 4:03 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2726

Re: Deferred Compensation Money Gets Taxed

So, by using my real numbers*: First of all, you have a copy/paste error on Fed MED/EE - I think that should read $16.55. Have you tried using a paycheck calculator to validate this? Understand that each tax deduction/withholding amount has its own taxable basis - they are not all necessarily the s...
by ivk5
Wed May 13, 2020 2:27 am
Forum: Personal Consumer Issues
Topic: WFW (Work from Wherever)
Replies: 70
Views: 6567

Re: WFW (Work from Wherever)

Tread carefully. Time spent working in another country (even for a US employer) may eventually subject you to personal income tax reporting requirements and possibly liability in the country of your physical presence. It could also trigger liability and/or reporting requirements for your employer, d...
by ivk5
Sat May 09, 2020 3:18 am
Forum: Personal Finance (Not Investing)
Topic: Very Low Student Loan Interest Rate - Invest Instead?
Replies: 34
Views: 2009

Re: Very Low Student Loan Interest Rate - Invest Instead?

Still not lower than risk-free rate (comparable duration treasuries). Assuming you have adequate emergency fund, and are maxing 401k match at least, I’d accelerate loan payoff. Sooner you get that off your back, sooner you will have more career flexibility (lower cash flow needs).
by ivk5
Wed Apr 29, 2020 1:42 pm
Forum: Personal Consumer Issues
Topic: 1-way or round trip for long-term international airfare?
Replies: 15
Views: 944

Re: 1-way or round trip for long-term international airfare?

If one-way fare is not reasonable and you have access to miles or transferrable CC points, you may find a one-way award ticket ideal for this use case.
by ivk5
Mon Apr 13, 2020 6:43 am
Forum: Personal Finance (Not Investing)
Topic: The Best HSA
Replies: 79
Views: 14399

Re: The Best HSA

I have been researching online HSA banks that offer investing since my current one does not. I haven't found much current info about the online HSA's and have been trying to go to each site to compare what they offer. As far as Vanguard options are concerned, Health Equity, HSA Bank and Optum seem ...
by ivk5
Sun Apr 12, 2020 11:14 pm
Forum: Investing - Theory, News & General
Topic: 2020 I Bonds: what's your plan?
Replies: 55
Views: 7763

Re: 2020 I Bonds: what's your plan?

The fixed rate has been unpredictable the last two rate changes. It had tracked half the 5 year TIPS real for a while. But the .5 and .2 follow no real path to prediction. You don't need to be able to predict with precision to have a reasonable guesstimate of likely direction of change. And you don...
by ivk5
Mon Mar 30, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: What is best option for freeing up a lot of cash?
Replies: 30
Views: 1948

Re: What is best option for freeing up a lot of cash?

Doesn't it depend a bit on whether the need you anticipate is $XXX/month or an immediate lump sum?