Search found 77 matches

by mffl
Sun Nov 04, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11175

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

I think a lot of the anti-LCOL arguments here are actually straw man arguments against VLCOL, i.e. remote rural areas, which have their own plusses and minuses. I don't think that's the type of area that *most* people are considering when they're thinking about building wealth in a LCOL area. The Da...
by mffl
Thu Feb 22, 2018 12:12 am
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 113
Views: 14848

Re: Bogleheads with $100K+ MSRP cars?

I drive a Polaris Slingshot and I've had a bunch of people *think* it cost over 100k MSRP, does that count? :D I had one of those for a while too. Took a sizable hit when selling it, mainly because I bought the LE and put about $5k of mods into it. That one stung. Sold it after I bought the GT3 as ...
by mffl
Tue Feb 20, 2018 7:31 pm
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 113
Views: 14848

Re: Bogleheads with $100K+ MSRP cars?

I drive a Polaris Slingshot and I've had a bunch of people *think* it cost over 100k MSRP, does that count? :D
by mffl
Tue Feb 13, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 8545

Re: Day trading for a living/career?

Also, why do we give the "big boys" and "money makers" so much credit just because they get faster trades in or know more stuff or whatever? You can read Wikipedia articles for days about MIT grads and white papers and banks and scientific research and whatever who started funds that were guarantee...
by mffl
Mon Feb 12, 2018 8:15 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 8545

Re: Day trading for a living/career?

I know someone that seemingly makes their living day trading from home. I say seemingly in that his Father is rich and owned an investment company, so if he lost all his money, he would have a backup plan/money. I've never asked (as I thought it would be rude) if he gets money from his parents or e...
by mffl
Sat Feb 10, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 8545

Re: Day trading for a living/career?

...Also, why do we give the "big boys" and "money makers" so much credit just because they get faster trades in or know more stuff or whatever?... To some extent, because SOME OF THEM really do have an advantage, and when you are trading against them it's like a hidden expense. The market makers li...
by mffl
Sat Feb 10, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 8545

Re: Day trading for a living/career?

I've seen people make it work for awhile, but my impression is that most of them were "picking up pennies in front of a steam roller". They had a strategy, but nothing that could be shown to have a positive expected value. In my estimation the strategies usually boiled down to overly complex versio...
by mffl
Fri Feb 02, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8542
Views: 1670953

Re: U.S. stocks in freefall

Anybody know the reason for the fall? I am confused as the US economy is growing, the job market is tight, earnings are decent and the world economy seems to be picking up. Internationally Oil prices are increasing as is demand, there is no real war that can or may break out. Syria, Iraq, Afghanist...
by mffl
Fri Feb 02, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8542
Views: 1670953

Re: U.S. stocks in freefall

So, today is one of those interesting days where the market drops pretty substantially... apparently on ostensibly good news (the jobs report). My take on it is this. Some of the other drops this week may be for other reasons, but I think today has a very particular quality about it. The S&P drops a...
by mffl
Sat Jan 20, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 9343

Re: Lost money through Bitconnect scam - learned my lesson

I’m ashamed and embarrassed. I (thought I) knew better. This was money from vesting stock. I knew enough to not hold individual stock especially from the company that employs me. I normally add it to my Vanguard taxable account according to my asset allocation plan. I have more stock vesting. I hav...
by mffl
Fri Jan 19, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 125
Views: 11956

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

I echo some of the other posters who are surprised/frustrated/mortified that so many Bogleheads subscribe to things like CAPE. Forget all your numbers and backtested data. Any chart enthusiast or financial advisor can come up with numbers to support a strategy. I suppose even Bogleheads are suscepti...
by mffl
Wed Jan 17, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 8642

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

this is not to say that i agree with market headlines that state nonsense like 'Dow down 0.3% on news that so and so shot whoever.' Heh, yeah, those daily finance writers are so lazy. I've more than once seen an article on Yahoo Finance switch from "Dow down 200 points *ON* Fed comments" to "Dow up...
by mffl
Tue Jan 16, 2018 12:19 am
Forum: Investing - Theory, News & General
Topic: Why Buy Bonds If You Have A Mortgage?
Replies: 187
Views: 20619

Re: Why Buy Bonds If You Have A Mortgage?

I don't think that my points conflict with the content of the articles, but the author doesn't spend much time talking about mortgage rates at 3% and below. He talks about average mortgage rates over time being 7% and whether 7.8% average market returns is something worth borrowing money at 7% for ...
by mffl
Mon Jan 15, 2018 4:40 pm
Forum: Investing - Theory, News & General
Topic: Why Buy Bonds If You Have A Mortgage?
Replies: 187
Views: 20619

Re: Why Buy Bonds If You Have A Mortgage?

I was thinking about this question recently and ran across an interesting series of articles about whether or not to pay off one's mortgage or invest the money in savings instead: http://www.theretirementcafe.com/2014/05/investing-mortgage.html http://www.theretirementcafe.com/2014/05/selling-stock...
by mffl
Sat Jan 13, 2018 10:40 pm
Forum: Investing - Theory, News & General
Topic: Why Buy Bonds If You Have A Mortgage?
Replies: 187
Views: 20619

Re: Why Buy Bonds If You Have A Mortgage?

I was thinking about this question recently and ran across an interesting series of articles about whether or not to pay off one's mortgage or invest the money in savings instead: http://www.theretirementcafe.com/2014/05/investing-mortgage.html http://www.theretirementcafe.com/2014/05/selling-stock...
by mffl
Wed Jan 10, 2018 1:07 am
Forum: Personal Consumer Issues
Topic: 2006 subaru timing belt replacement
Replies: 37
Views: 1524

Re: 2006 subaru timing belt replacement

For a while I drove an RX-8, which has neither a timing belt nor a timing chain. Didn't stop the dealership from trying to sell me that particular repair anyway. They quit trying to push me on it when I said I'd let them do it if I could take the old timing belt home with me. Yeah but if you had to...
by mffl
Tue Jan 09, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: 2006 subaru timing belt replacement
Replies: 37
Views: 1524

Re: 2006 subaru timing belt replacement

For a while I drove an RX-8, which has neither a timing belt nor a timing chain. Didn't stop the dealership from trying to sell me that particular repair anyway. They quit trying to push me on it when I said I'd let them do it if I could take the old timing belt home with me. I hear stories like yo...
by mffl
Tue Jan 09, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: 2006 subaru timing belt replacement
Replies: 37
Views: 1524

Re: 2006 subaru timing belt replacement

Relatedly, I've always wondered whether replacing a timing belt on a car with limited (say, under $5k) blue book value is worth the cost of replacing the timing belt. Yes, you could end up stranded, once. Yes, it could total the car. But for $750, it's basically a really expensive insurance policy ...
by mffl
Tue Jan 09, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: 2006 subaru timing belt replacement
Replies: 37
Views: 1524

Re: 2006 subaru timing belt replacement

Relatedly, I've always wondered whether replacing a timing belt on a car with limited (say, under $5k) blue book value is worth the cost of replacing the timing belt. Yes, you could end up stranded, once. Yes, it could total the car. But for $750, it's basically a really expensive insurance policy ...
by mffl
Tue Jan 09, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: 2006 subaru timing belt replacement
Replies: 37
Views: 1524

Re: 2006 subaru timing belt replacement

Relatedly, I've always wondered whether replacing a timing belt on a car with limited (say, under $5k) blue book value is worth the cost of replacing the timing belt. Yes, you could end up stranded, once. Yes, it could total the car. But for $750, it's basically a really expensive insurance policy ...
by mffl
Tue Jan 09, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: 2006 subaru timing belt replacement
Replies: 37
Views: 1524

Re: 2006 subaru timing belt replacement

Relatedly, I've always wondered whether replacing a timing belt on a car with limited (say, under $5k) blue book value is worth the cost of replacing the timing belt. Yes, you could end up stranded, once. Yes, it could total the car. But for $750, it's basically a really expensive insurance policy a...
by mffl
Sat Jan 06, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 338
Views: 37977

Re: Anyone tired of the stock market going up?

I don't think "the bigger they are, the harder they fall" applies to the stock market. The value of the stock market on any given day is the world's collective best guess at its true value. If that weren't true, a bunch of us nervous about recent highs know things that other people don't, and we sho...
by mffl
Thu Dec 28, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: AMT: is it black and white like being pregnant or not?
Replies: 15
Views: 1617

Re: AMT: is it black and white like being pregnant or not?

Any sort of taxes will push you into AMT (state or property or local). I think it's more like gaining weight suddenly than being pregnant - I swear that one little box of chocolates put 5 pounds on me last week. The reason you need to model it with correct inputs is that it's a sliding scale - whil...
by mffl
Wed Dec 27, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: turbotax and accountant don't agree on prepayment of real estate tax
Replies: 12
Views: 1227

Re: turbotax and accountant don't agree on prepayment of real estate tax

But if you add charitable deductions, you ought to be able to offset the property tax deduction and end up being able to deduct BOTH. I don't know if it's too late to set up a donor advised fund, but if you have one already or if you had planned charitable contributions you can make before 12/31, yo...
by mffl
Sun Dec 24, 2017 11:58 pm
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 6803

Re: Implications of tax bill on residential real estate (house prices)

Interesting conclusion and intuitively it makes sense. A maybe different perspective. Based on everything I’m seeing on here would indicate the biggest overall breaks are people in the $250-$500k income range. That’s my informal analysis. Those people are more likely mega overly impacted by the SAL...
by mffl
Sun Dec 24, 2017 10:55 pm
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 6803

Re: Implications of tax bill on residential real estate (house prices)

If you're not planning on moving, then a reduced property value has no effect except perhaps reduced tax appraisal value. If you are moving, then it only matters if you're changing COL type or the type of home you're buying. If you're moving from a similar COL to a similar home value (or moving upwa...
by mffl
Sun Dec 24, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 109
Views: 9206

Re: Will you donate less to Charity?

I won't change mine, though I can see where it would affect others. This isn't even a question of the true meaning of charity or anything, the donor could commit to the same pre-tax donation level, and for some that will result in a higher net donation, and for others it will be lower. However, I'd ...
by mffl
Sun Dec 24, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 25487

Re: Do you see a meaningful change in your income with new Tax Bill?

Respectfully, I think you're overlooking the effect of the 15% to 12% rate change. However, perhaps all of your AGI is capital gains/qualified dividends and you don't get anything out of the rate reduction. Knowing your methods, that's possible. :) It might be worth a look. If your AGI is 75k and i...
by mffl
Sun Dec 24, 2017 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 25487

Re: Do you see a meaningful change in your income with new Tax Bill?

My income won't change. I won't be working any more nor any less and neither will my spouse. And we have already been doing the following for years: 1. DAF 2. Bunching deductions 3. No mortgage interest What will change is that our youngest should not be a dependent anymore and we will get less tax...
by mffl
Sat Dec 23, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 25487

Re: Do you see a meaningful change in your income with new Tax Bill?

Yes for us. And it will continue to be meaningful for years to come. Expanded CTC, eliminated marriage penalty and wide 24% bracket. The big change is we we're planning to buy a home and now we will wait at least 5 years until Jr needs school. There is very minor benefit in buying for us in CA with...
by mffl
Sat Dec 23, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 25487

Re: Do you see a meaningful change in your income with new Tax Bill?

I haven't calculated mine exactly, but it's pretty clear I'm in the sweet spot. Married, 4 kids and currently phased out of CTC, currently in the 35% marginal AMT zone, but will go to 24% marginal regular tax next year, pass through service business owner under the income cap, low tax / no income ta...
by mffl
Sat Dec 23, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 12440

Re: Question about pass through income in new tax law

To take it you must have "Qualified Business Income" which is defined as "for any taxable year, the net amount of qualified items of income, gain, deduction, and loss with respect to any qualified trade or business of the taxpayer." See page 30 of the proposal, SEC. 199A(c)(1) You do not need an S ...
by mffl
Fri Dec 22, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX all non-qualified dividends?
Replies: 10
Views: 928

Re: FSTVX all non-qualified dividends?

This happens like this every year with Fidelity. Just ignore the online info for now (or split off projected qualified percent using some historical benchmark or average). That should be good enough for ye tax planning. Thanks, I'll do that. It made no sense otherwise. And Fido reps usually give me...
by mffl
Thu Dec 21, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX all non-qualified dividends?
Replies: 10
Views: 928

Re: FSTVX all non-qualified dividends?

So I have some FSTVX in a brokerage account at Fidelity, and a week or so ago they told me to expect about $1.00 per share of qualified dividends, and about $0.05 per share of non-qualified. This is in keeping with about the split I saw in 2016. Now, as I log into my Fidelity account, my YTD tax in...
by mffl
Thu Dec 21, 2017 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX all non-qualified dividends?
Replies: 10
Views: 928

Re: FSTVX all non-qualified dividends?

So I have some FSTVX in a brokerage account at Fidelity, and a week or so ago they told me to expect about $1.00 per share of qualified dividends, and about $0.05 per share of non-qualified. This is in keeping with about the split I saw in 2016. Now, as I log into my Fidelity account, my YTD tax in...
by mffl
Thu Dec 21, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX all non-qualified dividends?
Replies: 10
Views: 928

FSTVX all non-qualified dividends?

So I have some FSTVX in a brokerage account at Fidelity, and a week or so ago they told me to expect about $1.00 per share of qualified dividends, and about $0.05 per share of non-qualified. This is in keeping with about the split I saw in 2016. Now, as I log into my Fidelity account, my YTD tax inf...
by mffl
Thu Dec 21, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

http://thehill.com/homenews/administration/366088-white-house-trump-will-likely-sign-tax-bill-friday The reason for the President to delay signing the bill until January appears to have evaporated. Looks like they exempted the bill from PAYGO rules as part of the deal to avoid a shutdown. Therefore ...
by mffl
Thu Dec 21, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

Seems like most people's posts are getting lost on the thread given all the disparate topics: effects on SALT, for pass through owner, real estate, muni treatment, etc. I'm not sure what difference it makes having one versus 10 threads but it's not my board so not my rules. Agreed, this kind of arb...
by mffl
Thu Dec 21, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread - DAF and matching

Just checked, no matching at my corp for DAF "donation must be made by an individual employee and must be made by cash, check, or credit card. Donations in the form of stock, other equity, or “in-kind” donations will not be matched." My megacorp provides matching charitable donations for more than ...
by mffl
Thu Dec 21, 2017 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

"Notably, “pass-through businesses” include partnerships and LLCs, S corporations, and sole proprietorships filing Schedule C. And while the deduction is claimed for pass-through business income, it will be claimed on the individual’s personal tax return. However, the final legislation explicitly no...
by mffl
Wed Dec 20, 2017 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

Does the estate tax provision expire in 10 years? If it does, then this temporary provision is quite meaningless, as most people don't plan to die within certain time window, and people would still have to assume that current limits return in 10 years. Also does anyone know how the expiration works...
by mffl
Wed Dec 20, 2017 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

Does the estate tax provision expire in 10 years? If it does, then this temporary provision is quite meaningless, as most people don't plan to die within certain time window, and people would still have to assume that current limits return in 10 years. Also does anyone know how the expiration works...
by mffl
Wed Dec 20, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

Folks, As per my understanding, I should donate to the charity now for whatever amount that I budgeted for next year. This is true if my total itemized deduction for 2018 will not exceed the new standard deduction limit. Please confirm. KlangFool Yep, that's my understanding. I'm currently consider...
by mffl
Wed Dec 20, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

How does the 20% deduction for pass-through income interact with AMT? It seems like if you had to add the deduction back in, it would negate the benefit (then again, that seems to be the point of AMT). I haven't been able to find a comprehensive explanation of the pass-through deduction, just some ...
by mffl
Wed Dec 20, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

Folks, If the personal exemption is suspended, what is the tax benefit of claiming my children as the dependent? Please enlightened me. KlangFool The bigger child tax credit, which is now $2000 instead of $1000 and applies to married couples up to 400k and individuals up to 200k. It takes the combi...
by mffl
Wed Dec 20, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

Heh heh, I think we all here can appreciate the following -- "Ultimately, the Tax Cuts and Jobs Act went with the Senate proposal, repealing all miscellaneous itemized deductions that are otherwise subject to the 2%-of-AGI floor under IRC Section 67. This includes all tax preparation expenses, vario...
by mffl
Wed Dec 20, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

If the personal exemption is suspended, what is the tax benefit of claiming my children as the dependent? Please enlightened me. Instead of a ~$4000 exemption, which reduces taxes by $1000 at 25% marginal rate, you get $2000 child tax credit, so roughly $1000 less in income taxes per child. Or a fl...
by mffl
Wed Dec 20, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

If the personal exemption is suspended, what is the tax benefit of claiming my children as the dependent? Please enlightened me. Instead of a ~$4000 exemption, which reduces taxes by $1000 at 25% marginal rate, you get $2000 child tax credit, so roughly $1000 less in income taxes per child. Or a fl...
by mffl
Wed Dec 20, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

Those with children will probably find that their marginal rate is increasing, even if their taxes go down. The Child Tax Credit is applied after taxes are computed, whereas the disappearing exemptions were applied before taxes were computed. Perhaps. The top of the 10% and 12% (was 15%), and 22% (...
by mffl
Wed Dec 20, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65415

Re: Tax Bill Omnibus Thread

After carefully analyzing sections 164 and 11042 of the new tax law, I can confirm that the prepayment restrictions only apply to state and local INCOME taxes. I will be prepaying my 2018 property taxes by the end of this year. I'm curious about this one. I called my county and they said they would...