Search found 38 matches

by crre
Sat Oct 19, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 10156

Re: For those who are FI: At what point did you begin to relax?

the day i realized i was at climber2020's stage 1 is the day i started to relax. slightly more relaxed with each stage, and completely relaxed the day youngest kid got her first job.
by crre
Thu Oct 10, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: First house - planning and sanity check - need feedback
Replies: 6
Views: 839

Re: First house - planning and sanity check - need feedback

This comes with possibly greater expenses but brings a home that would be a perfect fit for us - I would like to build a more expensive home and plan to never move from it. something that is very common around here is for a young couple to build one floor of a two story home, and add the second flo...
by crre
Mon Sep 30, 2019 3:17 am
Forum: Personal Finance (Not Investing)
Topic: Considerations for transfer ownership of house to irrevocable trust?
Replies: 14
Views: 1231

Re: Considerations for transfer ownership of house to irrevocable trust?

Not sure this would help you, but our revocable (living) trust in California owned the house when we decided to re-finance. We had to take the house out of the trust, get a new loan, then put the house back in the trust. This was likely the lender’s requirement, since the individuals had income, bu...
by crre
Thu Sep 19, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11579

Re: How do you spend money to gain time? (young family)

We spent money by having one of us stop working and become a stay at home parent. That was seven years ago and haven't regretted it for a second. Not only did it gain lots of family time and sanity, but it allowed the still working spouse to focus on their career even more which payed off in dramat...
by crre
Sat Sep 14, 2019 1:13 am
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8096

Re: Managing joint finances when one is a perfectionist

It doesn't cause too much relationship conflict because all of these habits are part of the same personality that I fell in love with. this describes my husband and me perfectly. married 30+ years, and i wouldn't have it any other way. i spent the first 10 years of our marriage managing everything ...
by crre
Sun Aug 18, 2019 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to career
Replies: 6
Views: 1052

Re: Approach to career

My work is slowing down and, depending on need, may not be mutually beneficial to stay. if you mean that you are afraid your job may go away completely, look for another job, certainly. otherwise, working 30 hours per week sounds perfect to me, especially when you have a child/children still at hom...
by crre
Sun Aug 11, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Should we move
Replies: 45
Views: 4063

Re: Should we move

we were in this situation 20 years ago. we added a bedroom and are extremely happy with our decision. if the only thing you are missing is space, and if that is easily remedied by adding a bedroom, go for it. there too many unknowns with moving (new school, new neighbors) to risk a move when everyth...
by crre
Thu Aug 01, 2019 8:29 am
Forum: Personal Consumer Issues
Topic: Piano Lessons for young kids
Replies: 29
Views: 1664

Re: Piano Lessons for young kids

I’m suggesting if the child can’t be convinced to practice 15-20 minutes a day to start, you shouldn’t bother wasting money on lessons. my daughter had a very strict teacher with this philosophy, who wanted to drop her as a student when she was a pre-teen because she wasn't practicing every day. i ...
by crre
Tue Jul 30, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Bank asks for photo ID for beneficiary: is this normal?
Replies: 23
Views: 1798

Re: Bank asks for photo ID for beneficiary: is this normal?

in the past two weeks i've updated my tod/pod designations at three different financial institutions (one bank and two brokerages) in three different states. none of them required me to provide photo id for my beneficiaries.
by crre
Fri Jul 26, 2019 3:28 am
Forum: Personal Finance (Not Investing)
Topic: How do you move past old financial mistakes?
Replies: 57
Views: 5187

Re: How do you move past old financial mistakes?

Our old house is now worth over one million dollars. If we hung onto it we would be financially independent. It just drives me crazy! there's a house like that in my past as well. and the company stock i sold for a down payment on our current home. had i held on to it, we could have bought five hou...
by crre
Thu Jul 25, 2019 11:46 am
Forum: Personal Investments
Topic: Voluntary Contributions into Foreign Pension Fund - Is this reportable to IRS?
Replies: 3
Views: 329

Re: Voluntary Contributions into Foreign Pension Fund - Is this reportable to IRS?

What I can't find an answer on is whether I need to report this voluntary contributions in my annual US tax return? Can anyone please help me here or guide me to an expert in this field? i've lived abroad for most of my working life, and over the years have used a number of accountants plus done my...
by crre
Wed Jul 10, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: Turkish Airlines ?
Replies: 49
Views: 3881

Re: Turkish Airlines ?

i flew with them for the first time a couple of months ago at the recommendation of my son-in-law, who refuses to fly any other airline. they were fantastic.
by crre
Sat Jul 06, 2019 11:51 am
Forum: Personal Consumer Issues
Topic: Food sensitivity tests
Replies: 10
Views: 1061

Re: Food sensitivity tests

Are there separate IgG tests for different foods, or is this all done simply by eliminating and/or adding back in, and watching a *generalized* IgG value go up/down/stay the same? i did a single blood test for 90 different foods (they can test for up to 270, i think). for each of the tested foods y...
by crre
Sat Jul 06, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: Food sensitivity tests
Replies: 10
Views: 1061

Re: Food sensitivity tests

i did this test: https://imupro.com/ they give a very specific list of foods to which you have sensitivity. for instance, i was sensitive to 1 out of 19 vegetables they tested for, 1 out of 12 fruits, 2 out 12 nuts, 0 out of 5 meats, etc. i did the simplest (cheapest) test. they have more extensive ...
by crre
Sat Jul 06, 2019 7:11 am
Forum: Personal Consumer Issues
Topic: Food sensitivity tests
Replies: 10
Views: 1061

Re: Food sensitivity tests

i took one of these a couple of years ago, and stayed on the recommended diet for almost a year. there were 11 foods that were off limits to me, and to make things simple, my husband also cut the disallowed foods from his diet except when eating out. the diet did nothing for me, but husband's nightl...
by crre
Fri Jul 05, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 14983

Re: Staying the course is so hard (support thread)

I sincerely appreciate all the advice so far. It sounds like I can afford the house, but I have to accept it will add time to my working. I think I'd rather just keep my current house, continue saving, then be able to cut back work a lot, and then enjoy an early retirement and just living my life. ...
by crre
Tue Jun 25, 2019 11:51 am
Forum: Personal Investments
Topic: Tax Loss Harvesting and Teaching Your Spouse Investing
Replies: 10
Views: 1065

Re: Tax Loss Harvesting and Teaching Your Spouse Investing

i'm working off the assumption that my husband will never be able to handle his finances alone. he agrees. so the plan is that if i go first, he turns everything over to the kids to manage for him.
by crre
Sat Jun 15, 2019 2:52 am
Forum: Personal Finance (Not Investing)
Topic: Should I call it quits?
Replies: 23
Views: 5042

Re: Should I call it quits?

yes, you should. definitely. we were in exactly your situation 20-some years ago: three young kids, i was making approximately 3 times what my husband did, and there was a lot of stress all around. the day my husband quit his job life instantly became better for all of us. we didn't really feel a mo...
by crre
Tue Jun 11, 2019 1:03 pm
Forum: Non-US Investing
Topic: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens
Replies: 14
Views: 1390

Re: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens

Indian estate law is for someone dying in India or with Indian assets, and probably won't be required if this whole estate is US situs - the main thing to check would be whether there are any tax consequences to being an Indian resident beneficiary of a US trust if a trust is used. the beneficiarie...
by crre
Mon Jun 10, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Transferred money from one bank to another, but neither bank has the money
Replies: 10
Views: 1533

Re: Transferred money from one bank to another, but neither bank has the money

Bwlonge wrote:
Mon Jun 10, 2019 8:51 am
Has this happened to anyone? What is going on? I called both banks, no one can tell me anything.
happens to me all the time, but only for a business day or two. how long has it been?
by crre
Mon Jun 10, 2019 1:05 pm
Forum: Non-US Investing
Topic: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens
Replies: 14
Views: 1390

Re: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens

as others have mentioned, the estate tax will be an issue for the beneficiaries of your beneficiaries when your beneficiaries die. but it is true that you should be thinking of this now, because it may take them time after your death to move the money out of the u.s., and if they die in the interim ...
by crre
Sat Jun 01, 2019 12:11 am
Forum: Non-US Investing
Topic: Good way to split allocations with non-resident spouse [Netherlands]
Replies: 5
Views: 782

Re: Good way to split allocations with non-resident spouse [Netherlands]

if one of you is a u.s. citizen and the other is not, be aware that there are tax implications down the road, to your heirs, depending on how you split the u.s. accounts between you. if neither of you is a u.s. citizen, then there are also tax implications, but different ones. if the amount is signi...
by crre
Fri May 31, 2019 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 15789

Re: Can we afford to pay for our kid's college (at all)?

TxAg wrote:
Wed May 29, 2019 11:31 am
First time I've heard of a doctor that couldn't (wouldn't) pay for kids' college.
doctor's daughter here. happened to me and all of my siblings. in our case it was "wouldn't".
by crre
Sun May 26, 2019 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance how to designate an international beneficiary
Replies: 9
Views: 529

Re: Life insurance how to designate an international beneficiary

be aware that the estate tax exemption is very low for non-citizens. even if you yourself are a citizen, probably your relatives are not. i'm guessing an insurance payout is not considered part of your estate, but even so, it would become part of your relatives' estate once the policy paid out. not...
by crre
Sun May 26, 2019 12:22 am
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 80
Views: 10771

Re: “Upsizing” are we foolish?

We have 1700sq feet of space. ok, so i don't live in the states and therefore my perceptions are probably very different from yours, but 1700 square feet of space is huge to me. especially for three people. 1700 square feet is slightly more than our current 4 bedroom home, in which we brought up th...
by crre
Sat May 25, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Basement flooded, insurance not wanting pay
Replies: 13
Views: 2397

Re: Basement flooded, insurance not wanting pay

I guess I was trying to see if I can find a loophole, if any, in the policy. I wondered if I hammered them for definition of “Water back up”, I would get anything related to sump pump covered. it can't hurt to try. in my experience insurance will almost always deny a claim if they have even a semi-...
by crre
Sat May 25, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 80
Views: 10771

Re: “Upsizing” are we foolish?

We have 1700sq feet of space. ok, so i don't live in the states and therefore my perceptions are probably very different from yours, but 1700 square feet of space is huge to me. especially for three people. 1700 square feet is slightly more than our current 4 bedroom home, in which we brought up th...
by crre
Sat May 25, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance how to designate an international beneficiary
Replies: 9
Views: 529

Re: Life insurance how to designate an international beneficiary

be aware that the estate tax exemption is very low for non-citizens. even if you yourself are a citizen, probably your relatives are not. i'm guessing an insurance payout is not considered part of your estate, but even so, it would become part of your relatives' estate once the policy paid out. not ...
by crre
Sat May 25, 2019 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 80
Views: 10771

Re: “Upsizing” are we foolish?

i too would not be so quick to dismiss a 60+ year old house. in fact, i would prefer it. also, define "small" and "very tight". finally: when i was in your situation many years ago, the best advice i ever got was not to buy too much house. instead of moving, we added a bedroom for what it would have...
by crre
Sat May 25, 2019 12:34 am
Forum: Personal Investments
Topic: Do I need retirement accounts if my deductions are already high?
Replies: 11
Views: 1231

Re: Do I need retirement accounts if my deductions are already high?

The Foreign Earned Income Exclusion FEIE is just that and it is all or nothing. The OP makes less than the FEIE, which means they have no earned income left after the exclusion. No earned income = no compensation = no IRA contributions allowed. as assyadh wrote, using the foreign tax credit instead...
by crre
Sat May 25, 2019 12:32 am
Forum: Personal Investments
Topic: Do I need retirement accounts if my deductions are already high?
Replies: 11
Views: 1231

Re: Do I need retirement accounts if my deductions are already high?

Am I missing anything? I tend to do my own taxes even though it's not my field. But this matter seems straightforward and advantageous from what I understand. i get what you are saying. since you pay no taxes on your income, you might as well put any savings into taxable accounts. makes a lot of se...
by crre
Sat May 18, 2019 1:07 am
Forum: Personal Investments
Topic: What "other" tax advantaged accounts should one know about?
Replies: 7
Views: 1646

Re: What "other" tax advantaged accounts should one know about?

since you mention you live overseas, i guess i'd add that what is tax advantaged in the u.s. is not necessarily tax advantaged in the country where you live. in general you end up paying the higher of the two rates -- either because that country gets "first bite" or because the "second bite" takes t...
by crre
Thu May 16, 2019 1:06 pm
Forum: Personal Investments
Topic: I'm 37, late to the game, worth about 35k...
Replies: 42
Views: 7476

Re: I'm 37, late to the game, worth about 35k...

do you pay taxes in the country where you teach/live? if so, you might find that the foreign tax credit is a better choice than the foreign earned income exclusion, as it might allow you to contribute to a u.s. ira. and you might be able to amend some number of previous years' returns, thus some of ...
by crre
Tue May 07, 2019 12:17 pm
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 14621

Re: I tried to fire my financial advisor of 12 years today...

His/your numbers are meaningless out of context. Using backtesting with something like Portfolio Visualizer, how do they compare with your intended plan? How do they compare with your intended plan after you pay the capital gains taxes? This may be difficult to do clearly if you've got a lot of in-...
by crre
Fri May 03, 2019 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Expat couple filing taxes
Replies: 10
Views: 1154

Re: Expat couple filing taxes

see "Tax Guide for U.S. Citizens and Resident Aliens Abroad"

https://www.irs.gov/pub/irs-pdf/p54.pdf
by crre
Fri May 03, 2019 10:34 am
Forum: Personal Consumer Issues
Topic: Europe with teens - hotel options
Replies: 42
Views: 3029

Re: Europe with teens - hotel options

i would try a short term rental. we've used rentals in norway, italy, scotland and russia with great success. it's not necessarily airbnb -- we've never used them. look under "vacation rentals" on tripadvisor, or google "self catering holiday" or "vacation rental" or "apartment hotel", and of course...
by crre
Fri Apr 19, 2019 6:51 am
Forum: Personal Investments
Topic: Foreign tax credit while US expat
Replies: 9
Views: 652

Re: Foreign tax credit while US expat

Have to be careful to avoid double taxation then. i'm also a u.s. expat. doesn't your country of residence have a tax treaty with the u.s.? if so, you shouldn't be doubly taxed, it's just that in the case of u.s. source income, your country of residence will give you a credit for u.s. taxes paid in...
by crre
Fri Apr 12, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Trust investment choices for a difficult beneficiary
Replies: 115
Views: 8179

Re: Trust investment choices for a difficult beneficiary

my sympathies. i am in a similar situation with my sister. regarding an annuity, i was recently given this advice: Be aware that an annuity can be sold for pennies on the dollar, so if your sister has issues with controlling spending, you may want to look into something controlled, like a trust. ful...