Search found 217 matches

by skor99
Fri Aug 30, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Adjust ACA contribution or include in taxes
Replies: 0
Views: 125

Adjust ACA contribution or include in taxes

I have a s-corp and get my individual ACA policy. I had anticipated my income to be lower than the ACA threshold and therefore am paying discounted ( subsidized) premiums. It appears that the family income will exceed the ACA income limit ( after accounting for all possible deductions in the MAGI ) ...
by skor99
Mon Aug 19, 2019 7:52 pm
Forum: Investing - Theory, News & General
Topic: Major CEOs say shareholder value is no longer their main objective
Replies: 11
Views: 1384

Major CEOs say shareholder value is no longer their main objective

https://www.cnbc.com/2019/08/19/the-ceos-of-nearly-two-hundred-companies-say-shareholder-value-is-no-longer-their-main-objective.html Maybe nothing in the short term, but what could be the medium to longterm effects of such a move ? Reduced focus on shareholders could mean reduced return on equities...
by skor99
Sat Aug 17, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 8335

Re: Taking a break in your 50s: Is it the kiss of death?

I’m 40 with six kids and we are doing a family gap year next year. I’m leaving my job and my wife will continue to run her business which should support us ok. Lots of risk to it as I’m a tech executive but the time with my kids at their current age is more important. I also cut back to 40 hours a ...
by skor99
Tue Aug 13, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: House purchase (cash)... wire transfer or cashier's check?
Replies: 32
Views: 2055

Re: House purchase (cash)... wire transfer or cashier's check?

Maybe just do a wire with a small amount as a test with the provided instructions and then wire the rest after verifying the small amount was received. I do the same while setting up new payees for my online banking billpay.
by skor99
Wed Jun 26, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 404
Views: 53520

Re: Losing a job in your 50's...

Closing in on to 50 , so a very useful thread with very good information. In case of longer term unemployment for people over 50, and no ( or limited )second income , wouldn’t it be pertinent to keep track and use the assistance provided by the government, local , state and federal. For example, wou...
by skor99
Thu Jun 20, 2019 8:48 am
Forum: Investing - Theory, News & General
Topic: Why isn’t stock market lower today ?
Replies: 14
Views: 1452

Re: Why isn’t stock market lower today ?

I agree with the IPS principle. My point was that I thought the drone news was a big deal about another potential flare up in the middle east, but apparently it isn’t
by skor99
Thu Jun 20, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: Why isn’t stock market lower today ?
Replies: 14
Views: 1452

Re: Why isn’t stock market lower today ?

Is it the irrational exuberance of the potential rate cuts maybe ?
by skor99
Thu Jun 20, 2019 8:32 am
Forum: Investing - Theory, News & General
Topic: Why isn’t stock market lower today ?
Replies: 14
Views: 1452

Why isn’t stock market lower today ?

There is news that a drone was shot down in the middle east. Common sense would indicate that the markets would go down with such news with an escalation in a volatile situation. Why are they still going up ?
by skor99
Fri Jun 07, 2019 1:27 pm
Forum: Investing - Theory, News & General
Topic: Market up because of rate cut expectation - why ?
Replies: 21
Views: 2985

Re: Market up because of rate cut expectation - why ?

But lower rates are coming in just because there is a probability of a slow down or recession . How is that positive for stocks ?
by skor99
Fri Jun 07, 2019 1:05 pm
Forum: Investing - Theory, News & General
Topic: Market up because of rate cut expectation - why ?
Replies: 21
Views: 2985

Market up because of rate cut expectation - why ?

Never understood why markets go up because of rate cuts which means the economy is slowing down and maybe a recession is likely . False positive ?
by skor99
Wed Jun 05, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: 2.4 MM net worth to be considered rich ?
Replies: 9
Views: 1791

2.4 MM net worth to be considered rich ?

Per the article in the link below, 2.4MM is the magic number to be considered rich and 1.4MM to be affluent. Problem is even though I am approaching that level and hope to be there in the next couple of years, I don’t even consider myself affluent, let alone nearing rich. With the college costs and ...
by skor99
Thu May 16, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7622

Re: Dividends almost Doubled between 2013 and now

To me, regular dividends force a company to keep performing well, which buybacks do not. As some have already mentioned that companies are loathe to cut dividends and the big name dividend aristocrats actually take pride in increasing dividends every year. Buybacks can be decreased anytime without a...
by skor99
Wed May 15, 2019 10:36 am
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7622

Re: Dividends almost Doubled between 2013 and now

Maybe if there were strict standards on how buy backs should be used to benefit the stockholders instead of primarily benefitting the high executives , then buybacks might be better. Is there any analysis available on how buybacks have affected the stock price positively? So instead of getting a 3% ...
by skor99
Tue May 14, 2019 10:21 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7622

Re: Dividends almost Doubled between 2013 and now

The boglehead way is to not invest in individual stocks in most part. So you do not have a choice of not buying a particular stock if it is part of SPY or any other S&P 500 tracking fund. I was reading somewhere today of how a lot of companies misuse buybacks to reward their CEOs extravagantly and w...
by skor99
Tue May 14, 2019 9:30 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7622

Dividends almost Doubled between 2013 and now

I am seeing a faster growth of rate of dividends than inflation in my portfolio. My investments may have Increased by 25% with my new contributions, so that may explain a portion of the growth. Another may be the good economy which has made companies increase their dividend rates. But that still doe...
by skor99
Sun Apr 07, 2019 9:18 am
Forum: Personal Investments
Topic: Hit your number, retire and boom a correction?
Replies: 67
Views: 8416

Re: Hit your number, retire and boom a correction?

There are no very good answers to this. The bedrock reality is that the stock market is risky. You either take the risk, or you don't. What people tend to do is flail around looking for a way that they can get the return of the stock market without really taking the risk. There are innumerable ways...
by skor99
Sun Apr 07, 2019 8:40 am
Forum: Personal Investments
Topic: Hit your number, retire and boom a correction?
Replies: 67
Views: 8416

Re: Hit your number, retire and boom a correction?

There are no very good answers to this. The bedrock reality is that the stock market is risky. You either take the risk, or you don't. What people tend to do is flail around looking for a way that they can get the return of the stock market without really taking the risk. There are innumerable ways...
by skor99
Thu Feb 28, 2019 12:30 pm
Forum: Investing - Theory, News & General
Topic: S&p total shares outstanding
Replies: 3
Views: 549

S&p total shares outstanding

See the link below, which shows the total s&p shares ourstanding by year. It appears that the number has been going down for almost a decade now. Does that by itself ( ignoring other factors) mean that the s&p will keep going up in value if other factors are constant ? Or is there some other nuance ...
by skor99
Wed Feb 20, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 1913

Re: Effective tax rate

Gross income is around $115k. Most of this is earned income except maybe $2k or so in interest. Married filing jointly with one child. We have over $50k in above-line deductions (mostly for retirement but also for things like FSA accounts and dental insurance premiums). After taking the standard de...
by skor99
Wed Feb 20, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 1913

Re: Effective tax rate

Mention any of those special tax breaks and credits so that people understand why the effective tax rate is low with respect to the gross. This will also allow for others to check if any of those credits apply to them
by skor99
Wed Feb 20, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 1913

Re: Effective tax rate

Only include the one paid directly. Also include FICA employer portion if self employed. The whole point is to get an approximation, so no need to include he hidden taxes like gas tax etc
by skor99
Tue Feb 19, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 1913

Re: Effective tax rate

bigred77 wrote:
Tue Feb 19, 2019 6:59 pm
(income taxes + property tax + FICA + estimated sales tax) / Gross Compensation = 21% (roughly).

Would be a lot lower if I rented a house instead of owned.
Would you also share your approximate gross income, if you don’t mind ?
by skor99
Tue Feb 19, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 1913

Re: Effective tax rate

To get a rough understanding of how much you are paying as a % of your income towards the services you are getting. Also to make sure you are not missing any big deductions if you see a much lower effective rate for somebody with similar gross income I understand this is not a Perfect exercise, But ...
by skor99
Tue Feb 19, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 1913

Re: Effective tax rate

it is deductible and reduces the income tax by thousands. so can a mortgage, or a very large charitable donation, or a large tax credit ...... Understand that and so include everything that affected your rate and provide an explanation. So the formula is (Total tax + medical insurance if self emplo...
by skor99
Tue Feb 19, 2019 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 1913

Re: Effective tax rate

I think you will need to be lots more specific. See for example this thread where people could not agree on what was income nor what was a tax: https://www.bogleheads.org/forum/viewtopic.php?t=163748 Even you added in something that is not a tax. :) Last year we paid more tax than all my earned inc...
by skor99
Tue Feb 19, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 1913

Re: Effective tax rate

I think you will need to be lots more specific. See for example this thread where people could not agree on what was income nor what was a tax: https://www.bogleheads.org/forum/viewtopic.php?t=163748 Even you added in something that is not a tax. :) Last year we paid more tax than all my earned inc...
by skor99
Tue Feb 19, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 1913

Effective tax rate

Think it would be a good exercise to calculate the effective tax rate that people pay... Numerator would include all kinds of taxes paid for a year ( income, employment, property , sales, state income tax etc. ) and the denominator all earned income . Mine came to around 22% for last year for gross ...
by skor99
Mon Feb 11, 2019 4:19 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard cuts expected stock market returns over the next decade]
Replies: 26
Views: 3363

Vanguard cuts expected return for stocks

[Post merged into here, see below. --admin LadyGeek]

https://www.cnbc.com/2019/02/11/vanguar ... ecade.html?

Is this before or after inflation ? 5% after inflation is still not too bad
by skor99
Wed Jan 16, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20876

Re: Around 43K in dividends last year - feel good about it ?

Buybacks only benefit those who sell, who happen to be execs paid with huge amounts of stock options. The buy and hold investor is sold the myth that the price per share will rise, but go look at big buyback users like IBM to see how this does not work out in reality. Exactly my point. Also @liveso...
by skor99
Wed Jan 16, 2019 8:11 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20876

Re: Around 43K in dividends last year - feel good about it ?

How can one be sure that the company is using the unpaid dividend money wisely and not wasting on buybacks or wasting on execessive CEO compensation ? When dividends are distributed it is up to the shareholders to invest back or to make other use of that money.
by skor99
Fri Jan 11, 2019 5:39 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20876

Re: Around 43K in dividends last year - feel good about it ?

To clarify to all the folks responding, the portfolio size (regular plus retirement ) that generated these dividends is slightly less than $2MM. And my original question was directed towards those people who always say any kind of dividends are bad. That’s why I asked if I should feel good about it....
by skor99
Fri Jan 11, 2019 11:58 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20876

Re: Around 43K in dividends last year - feel good about it ?

Seriously, you should make your taxable account more tax efficient. It is possible that the OP's taxable account is tax efficient. There is no way getting around dividends. For instance, Vanguard Total Stock Market Index fund pays dividends and it is considered tax-efficient for a taxable account. ...
by skor99
Fri Jan 11, 2019 11:54 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20876

Re: Around 43K in dividends last year - feel good about it ?

Thanks for all the responses. I understand the total return concept but who can guarantee that the companies not giving out dividends are making good use of that money ? Lots of Companies tend to buy back shares instead of dividends and analyses have shown that a lot of times that gives a poor ROI. ...
by skor99
Thu Jan 10, 2019 10:42 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20876

Re: Around 43K in dividends last year - feel good about it ?

A couple of things I have heard recently is that companies which buy back their stock instead of paying dividends generally do worse than companies paying dividends. Of course, amazon and Netflix don’t pay dividends but I bet there are tons of companies that try to reinvest their earnings year after...
by skor99
Thu Jan 10, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20876

Re: Around 43K in dividends last year - feel good about it ?

My portfolio threw around 43K total dividends in 2018 ( was around 36K in 2017). Around 14 k is taxable. This number does not include cap gains distribution by mutual funds. On one hand it feels good to see this stream of income coming in , but on the other I am still down by 90K for 2018 even afte...
by skor99
Thu Jan 10, 2019 7:29 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20876

Around 43K in dividends last year - feel good about it ?

My portfolio threw around 43K total dividends in 2018 ( was around 36K in 2017). Around 14 k is taxable. This number does not include cap gains distribution by mutual funds. On one hand it feels good to see this stream of income coming in , but on the other I am still down by 90K for 2018 even after...
by skor99
Sun Dec 16, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: How much do you pay for cable/internet/cellphone
Replies: 95
Views: 6149

How much do you pay for cable/internet/cellphone

I think it would help everybody to see what people are paying for cable/internet/cellphone service along with the details. Here is mine

Premium cable package with Comcast with 3 X1 boxes + blast internet - $170
Netflix $11
Cell service with 4 lines unlimited data - $ 145
Vonage $37

Total $363
by skor99
Tue Nov 13, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good deal for a new iPhone xr ?
Replies: 7
Views: 756

Re: Is this a good deal for a new iPhone xr ?

It depends on the carrier and on the value of the phone that you plan to trade in. Based on this year's Black Friday deals and last year's holiday deals, you may be able to get a $200 or $300 gift card with no trade in. AT&T seems to be the stingiest. For instance, I believe that Sam's Club gave a ...
by skor99
Tue Nov 13, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Is this a good deal for a new iPhone xr ?
Replies: 7
Views: 756

Is this a good deal for a new iPhone xr ?

I am seeing a deal at Costco for $300 off plus $30 Costco cash card for new or upgrade lines on iPhone Xs and xr with an old iPhone trade in. $300 off looks good especially for upgrade lines , although the 300 will be paid back in monthly installments via bill credits. Any other better deals on new ...
by skor99
Tue Oct 16, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy repayment for s-Corp owner
Replies: 10
Views: 851

Re: ACA subsidy repayment for s-Corp owner

If I decide to pay the amount due next year with my tax filing , how do I get a deduction for my premiums ? It's automatic. You don't have to do anything extra. It's assumed you paid the full unsubsidized premiums in 2018 minus any actual subsidy you are eligible for as determined on your 2018 tax ...
by skor99
Mon Oct 15, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy repayment for s-Corp owner
Replies: 10
Views: 851

ACA subsidy repayment for s-Corp owner

Hello, just to provide a background before my question. I am currently operating a consulting s-Corp where I and my wife are the only employees. I was anticipating the MAGI for 2018 to be less than $97 K and therefore I signed up for a individual ACA plan on the exchange with that estimate. As it tu...
by skor99
Mon Oct 08, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital- criteria of Average vs Poor market
Replies: 4
Views: 735

Personal Capital- criteria of Average vs Poor market

Does anybody know the criteria Personal Capital uses for average and poor markets conditions ? Does poor mean markets after a normal recession or after recessions such as in 2008 ?
by skor99
Sun Oct 07, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Planning with around 500K ( helping a friend)
Replies: 11
Views: 1200

Re: Planning with around 500K ( helping a friend)

Single earner as in married but wife not working? If so, that gives the family a relatively easy path to bringing in more income. Is he is planning to pay for 3 kids for 4 years of tuition, room, and board each? If so, early 60s retirement may not be realistic. Barring scholarships, that means at l...
by skor99
Sun Oct 07, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Planning with around 500K ( helping a friend)
Replies: 11
Views: 1200

Re: Planning with around 500K ( helping a friend)

He is in his early 50s and has saved roughly around 500k or so. He has 1 kid in college and another one coming up soon and a third in the 4th grade. Single earner making around 220k ( approx) in a consulting job . I cannot go overboard in trying to raise his spirits as he knows I have saved more th...
by skor99
Sun Oct 07, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Planning with around 500K ( helping a friend)
Replies: 11
Views: 1200

Planning with around 500K ( helping a friend)

I have a good friend who is sometimes ambivalent and at other times downright pessimistic about his retirement and future prospects. He is in his early 50s and has saved roughly around 500k or so. He has 1 kid in college and another one coming up soon and a third in the 4th grade. Single earner maki...
by skor99
Wed Sep 19, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: Other investment opportunities besides the stock market
Replies: 25
Views: 2125

Re: Other investment opportunities besides the stock market

We bought into a hotel chain in Fall of 2016 looking to do something similar. The guy had a good track record and had managed several hotels over the years. He built one in 2012 and had a good financial track record. There were some hiccups int he building phase due to the contractor, but he stayed...
by skor99
Wed Sep 19, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: Other investment opportunities besides the stock market
Replies: 25
Views: 2125

Re: Other investment opportunities besides the stock market

I understand the point of not falling prey to the ‘snakes’ but beyond that the question still remains about returns on investments such as these. Let’s say if the trust level is there, then what to look out for from an investigation and returns perspective for such investments ? Could the returns be...
by skor99
Tue Sep 18, 2018 1:12 pm
Forum: Investing - Theory, News & General
Topic: Other investment opportunities besides the stock market
Replies: 25
Views: 2125

Other investment opportunities besides the stock market

I have lately received a few offers from people I know, to invest in their businesses such as gas stations or car wash and be a minority partner. The other offers include investing as a group to buy a hotel or buy homes for flipping or renting out. All my investments thus far have been in the stock ...
by skor99
Fri Sep 14, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 65
Views: 8062

Re: Job burnout - Keep grinding or change?

And do understand that all the people encouraging you to make a change , find a lower paying job which is more satisfying etc. won’t be around to help you financially when you have a left a secure well paying job for another that does not work out. They will still keep saying all sorts of positive ...