Search found 2238 matches

by MossySF
Tue Jun 19, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8276

Re: Very confused with the current market

What if You Only Invested at Market Peaks? - by Ben Carlson http://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ Here's more detailed analysis. I compared every 10 year period from 1871 to 2009: 10 year end average balance -- lumpsum vs DCA * lumpsum +160% * 2yr dca +148% * 3yr dca +1...
by MossySF
Tue Jun 19, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8276

Re: Very confused with the current market

Why not execute that strategy now? If you think the markets are overvalued and will crash or at least be cheaper in the future you can sell 50% of your stock allocations in your tax deferred accounts today. Hold that in a money market and set up automatic exchanges to DCA over the course of 3-5 yea...
by MossySF
Tue Jun 19, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8276

Re: Very confused with the current market

There's a lot of psychology here. It's easy to say ride it out when your portfolio is mostly from regular monthly/quarterly contributions over the years. But if we ignore tax consequences (e.g. tax deferred accounts), not selling is the same decision as buying. Hence if we flip the scenario around -...
by MossySF
Tue Jun 19, 2018 5:08 am
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 67
Views: 5362

Re: What does it mean: Rule No. 1: Never lose money

To win our next game, we must score more points than our opponent. Rah! Rah! Go get them!
by MossySF
Fri Jun 15, 2018 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?
Replies: 23
Views: 2971

Re: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?

There's a lot of tech companies that offer everything at work -- in order to make you stay at work longer and do more work for free. You can eat, shower, exercise, get your clothes laundered and so on all on the company campus. I bet a lot of single techies who work in this situation probably only r...
by MossySF
Thu Jun 14, 2018 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8622

Re: [Looking for ways to reduce taxes and keep more of my income]

HSAs only make sense if the employer is willing to give you more salary (or make your contributions) for taking a higher deductible plan. Or: 2. They reduce your medical premiums enough to make it worthwhile to take the HSA 3. They make an employer contribution to your HSA. Unfortunately, I don't k...
by MossySF
Thu Jun 14, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8622

Re: [Looking for ways to reduce taxes and keep more of my income]

w/ $28.5k 401k, $6.8k HSA, $2.6k dep FSA, 2 child tax credits: $82.9k --> 18.7% Child tax credits phase out starting at 110K for couples. The OP will get get nothing. HSAs only make sense if the employer is willing to give you more salary (or make your contributions) for taking a higher deductible ...
by MossySF
Wed Jun 13, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: best way to receive large sum of money from another country
Replies: 34
Views: 2334

Re: best way to receive large sum of money from another country

The reason I want to hold CDN dollars is in case I move back to Canada for several years . The other reason would be to wait for a better exchange rate . If I open bank in Canada do I use my address or a Canadian address? Unlike others here, I don't think it's a big deal to keep it in a Canadian ac...
by MossySF
Tue Jun 12, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: VMMXX (Vanguard Prime MM) risks
Replies: 71
Views: 7387

Re: VMMXX (Vanguard Prime MM) risks

As a perspective, the Reserve MMF went bust because it broke the buck by 2%. How much money do you guys even have in bank accounts or MMFs? 10K? 25K? Unless you just got an inheritance or sold your company, you probably don't have much. So in a worse-than-2008 situation, I'd be losing sleep over my ...
by MossySF
Tue Jun 12, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8622

Re: Getting killed on taxes - any ideas?

There is little available for W2 wage earners -- no accountant will be able to find deductions that don't cost more than they're worth. I make less than the OP and pay a higher rate -- 24% Federal. 8% California. Forget about real estate -- you are over the limit to deduct rental losses. IF you had ...
by MossySF
Mon Jun 11, 2018 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 6016

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

What do you suggest people do at the end of a bull market? The world does not owe you a good return. Sometimes not losing money is the best alternative. I'm actually in a similar situation as my company was just bought out. I'm doing allocating 30% for taxes, 15% for mortgage payoff (4.25% but not ...
by MossySF
Sun Jun 10, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 6016

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

If your debts are 2.5% for a 30 year mortgage, it's workable to go long (15+ years) on stocks. If your debts are 4% non-tax-deductible (which may be the case now with the increased standard deduction) and your time frame is 5 years, you need about 7.5% to break even just on the taxes. If this was 20...
by MossySF
Fri Jun 08, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20215

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

The answer is to make your situtation look like Buffett's.

Reduce your expenses by 80% so your current portfolio shoots up in asset:expense ratio. That will let you survive any temporary 40% stock drawdowns.
by MossySF
Tue May 22, 2018 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life vs Universal Life
Replies: 13
Views: 1191

Re: Whole Life vs Universal Life

Yes, a non-qualified plan can hold regular mutual funds ... but either the corporation or the employee will have to pay taxes on distributions every year. If the corporation holds the assets, then the corporation has to pay tax on the income earned to generate those assets. If the employee holds it,...
by MossySF
Mon May 21, 2018 1:00 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 261
Views: 36418

Re: New HSA provider Lively offers investments for $30/yr fee

Naive question: How do we know that, if Lively went out of business, investments made through the Fidelity platform would be safe? It makes perfect sense to me that they would, but (unlike FDIC protections) I don't really understand the mechanics of how a scenario like this would work. The accounts...
by MossySF
Fri May 18, 2018 9:39 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 494
Views: 29449

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Let's see if we can break this into general population versus Bogleheads: General population: Odds are they will undersave and hence they need the tax deductions immediately in order to fund their living expenses. They won't be comparing contributing $2000 tradition versus $2500 Roth (including the ...
by MossySF
Thu May 17, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Bed Bugs
Replies: 42
Views: 4501

Re: Bed Bugs

Fly-trap tape on and bedbug killer power around the legs. Sleeping in your protected beds entices the bugs out every night and if they can't feed, they slowly die from hunger. If they aren't enticed out, they just "hibernate" and can stay around forever. Just this alone won't do it. The bugs left i...
by MossySF
Thu May 17, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: Bed Bugs
Replies: 42
Views: 4501

Re: Bed Bugs

I had the beg bugs before. The professionals are hit and miss. They can spray and spray and if they don't get them all, they come out again. The best way is to protect the beds making sure the mattresses and beddings are completely clean. Fly-trap tape on and bedbug killer power around the legs. Sle...
by MossySF
Wed May 16, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10776

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

2%-3% higher than similarly termed CDs So if similar termed CD is paying 2%, this "fixed annuity" will be paying 2.04-2.06%, correct? Or am I not interpreting your +2-3% incorrectly? Yes, interpretation is wrong. Although the gap appears smaller now that rates have gone up -- some quick searches on...
by MossySF
Wed May 16, 2018 1:57 am
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10776

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

Fixed annuities are principle protected as long as you stick below the state-guarantee limits. So for $1M, you could open a fixed annuity in 4 different states. But whether the rates are 4% after-tax, I don't know. I'm not sure you and the OP are using the term "principal protected" in the same way...
by MossySF
Tue May 15, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10776

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

I'm betting the op could spent a million dollars and easily buy an annuity that would pay him 40k after tax a year. Do you know of any annuities that are "Principle protected", as required by the OP? Fixed annuities are principle protected as long as you stick below the state-guarantee limits. So f...
by MossySF
Mon May 14, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9259

Re: Retire Internationally for FIRE

I would not put in 500k euros in a country that I don't have much legal rights, unless that is just 1% of my networth. In developed countries, the laws cover visitors just like they cover residents and citizens. Even illegal immigrants have rights under the laws. So If you're just a visitor and you...
by MossySF
Sun May 13, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9259

Re: Retire Internationally for FIRE

Buying property in Spain or Portugal is actually an easy way to get permanent residency in the EU. Buy 1 or more properties worth up to 500 Euros (350 Euros in smaller cities in Portugal) and you qualify. Note the 1 or more clause -- you could put most of the money into rental properties to live ch...
by MossySF
Sat May 12, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9259

Re: Retire Internationally for FIRE

Don't overlook Spain - renting or buying ix very cheap outside of Madrid/Barcelona/Basque Country (sales prices along the coasts are a joke, since these zones were so overbuilt before the crisis), Are you dual citizenship or can US citizens own property in Spain? Buying property in Spain or Portuga...
by MossySF
Thu Apr 19, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 10480

Re: Got hit with a $2800 Medical bill. Can I negotiate?

As a point of reference, my company's PPO plan is a $0 deductible plan. The average premium is $34K/yr per employee. ...(choke) (gasp) (choke)... Premiums are paid 100% by employer so nobody knows how crazy the costs are. If my company would let me pocket the difference on a HDHP with "just" $15K/yr...
by MossySF
Wed Apr 18, 2018 6:41 am
Forum: Investing - Theory, News & General
Topic: Tencent now largest non-US stock
Replies: 40
Views: 4971

Re: Tencent now largest non-US stock

That's the difference. In one case, it is a government actively encouraging specific accounting methods and practices for political reasons. In the other, it is individual companies breaking the law and, when caught, paying the price. Can't see the difference, there? Tencent currently has a higher ...
by MossySF
Wed Apr 18, 2018 12:38 am
Forum: Investing - Theory, News & General
Topic: Tencent now largest non-US stock
Replies: 40
Views: 4971

Re: Tencent now largest non-US stock

Tencent is more than just a social networking app. Facebook went the advertising/selling your info route to make money. Tencent went the route of allowing their platform to do everything: digital money, bank accounts, cds, mutual funds, shopping, games, government IDs online, ridesharing (taxi), ren...
by MossySF
Sat Apr 14, 2018 8:53 am
Forum: Investing - Theory, News & General
Topic: Why are expected returns so much lower than historical returns?
Replies: 157
Views: 10155

Re: Why are expected returns so much lower than historical returns?

It doesn't matter what the returns are. If returns are higher, your fellow investors (in the aggregate) will get more money also. If returns are lower, your fellow investors (in the aggregate) will get less money also. The only difference is the nominal number in your account will be different. The ...
by MossySF
Sat Apr 14, 2018 1:41 am
Forum: Personal Finance (Not Investing)
Topic: NJ passes law in response to SALT limits
Replies: 9
Views: 2075

Re: NJ passes law in response to SALT limits

Hmmm, I'm not sure if it's not worth it to try it if you get a more favorable result.

Afterall if it fails in court, you just owe what you would have owed plus interest.
by MossySF
Wed Apr 11, 2018 7:38 am
Forum: Investing - Theory, News & General
Topic: Why are business savings account rates so low?
Replies: 2
Views: 349

Re: Why are business savings account rates so low?

Hehe, businesses rarely have much cash on hand to earn interest -- seriously. It's usually churned in/out -- and often it's money borrowed or supplier credit. So they'd rather have other business banking services versus earning interest.
by MossySF
Thu Apr 05, 2018 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on Vanguard Muni Funds
Replies: 8
Views: 1105

Re: Taxes on Vanguard Muni Funds

Usually in tax programs when you enter interest or dividends, there will be 2 separate questions:

Is it tax exempt? -- Yes here for both
Is it also state tax exempt? -- Yes here for the CA one, No for the high yield one
by MossySF
Thu Mar 29, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 9553

Re: What is the endgame for Millennials?

The endgame for the Millennials is to complain about the 2100's Centurials. :P :P :P
by MossySF
Mon Mar 26, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 12549

Re: Seasoned bogleheads repressing the thought of lower expected returns

http://www.efficientfrontier.com/ef/103/hell4.htm If you want to retire early, what matters is not how much you save, but how much more than everyone else you save. In a world where everyone saves as if they’re going to retire at fifty-five, or even at sixty-five, none can. So whether we get higher ...
by MossySF
Wed Mar 21, 2018 3:39 am
Forum: Investing - Theory, News & General
Topic: Could all of these "low expected returns over next 10 years" predictions be wrong?
Replies: 120
Views: 11302

Re: Could all of these "low expected returns over next 10 years" predictions be wrong?

It doesn't matter whether we get low returns or high returns. If we get low returns, your peers will get low returns also (on the aggregate). If we get high returns, so will your peers. Either case produces roughly the same effect. Sure the nominal dollar amounts are different but money amounts need...
by MossySF
Sun Mar 18, 2018 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tax return submitted, just got corrected Tax Information Statement
Replies: 6
Views: 1088

Re: Tax returen submitted, just got corrected Tax Information Statement

I've had the IRS just correct the numbers for me and adjust my tax owed/refunded without needing an extra 1040X. How do you do that? A few times, they'd just send a letter to me saying "this X amount is wrong". Those cases that were in my favor, they automatically increased my refund. Those that we...
by MossySF
Sun Mar 18, 2018 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Tax return submitted, just got corrected Tax Information Statement
Replies: 6
Views: 1088

Re: Tax returen submitted, just got corrected Tax Information Statement

I've had the IRS just correct the numbers for me and adjust my tax owed/refunded without needing an extra 1040X. The CA Franchise Tax Board though doesn't care whether dividends are qualified or not -- they all get taxed at the same rate -- so if the total amount didn't change, there will be no need...
by MossySF
Sun Mar 18, 2018 4:28 am
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 17195

Re: Bought house six months ago - now feeling like we're treading water and can't save money

Religious obligation? One can donate time. Jesus appreciates that just as much. Maybe the church doesn't Certain churches -- especially the big one in Utah -- get their donations from you via payroll deductions. It's an automatic minimum X% of your income -- you can only opt to increase the amount ...
by MossySF
Sat Mar 17, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31885

Re: Those with high savings rate: why?

I get more gratification from learning something new or meeting some goal (piano, workouts, etc) than just buying stuff to keep up with the Jones. Which means my hobbies end up being pretty cheap.
by MossySF
Wed Mar 14, 2018 2:21 am
Forum: Investing - Help with Personal Investments
Topic: Help with how to respond to CP2000.
Replies: 28
Views: 3125

Re: Help with how to respond to CP2000.

They do answer the phones. You just will be on hold for a long time but it does happen. I've done this before ... called, they fixed the error in their system on the call and then sent me a new notice with the proper amount.
by MossySF
Mon Mar 12, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Moving back to the US after claiming FEIE for years
Replies: 7
Views: 796

Re: Moving back to the US after claiming FEIE for years

Once you get your passport, you don't ever have to return. We want to return though, but on our own terms. We just don't want to live there permanently. We don't want to live anywhere permanently. We live a nomadic lifestyle. Not saying you can't return. There's just no time in/out of the country r...
by MossySF
Mon Mar 12, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Moving back to the US after claiming FEIE for years
Replies: 7
Views: 796

Re: Moving back to the US after claiming FEIE for years

movingabroad wrote:
Mon Mar 12, 2018 10:32 pm
Thanks for bringing this to my attention. I thought after she got her citizenship and US passport after 3 years or so, we would have the freedom to come and go as we please, so long as she returned to the US once a year.
Once you get your passport, you don't ever have to return.
by MossySF
Mon Mar 12, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 119
Views: 11583

Re: TaxAct and alternatives

I used to use TaxAct desktop back when it was the cheap option. But starting a few years ago, I got rid of all my Windows machines so I've had to use TaxAct online. Ugh, their website is so slow but I ploddingly made it through each time. I've started a quick test now on FreeTaxUSA and it's so much ...
by MossySF
Mon Mar 12, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: unable to claim Sch E loss for rental. 8582 limitation
Replies: 10
Views: 833

Re: unable to claim Sch E loss for rental. 8582 limitation

Join the club. This happens to many people who live in high COL areas. A person working in tech is often over the limit by themself and then add in a possible partner's income. I'm running the numbers now -- seems like paying off the mortgage is the only option. That way without the mortgage interes...
by MossySF
Sun Mar 11, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2 (US & Canada)
Replies: 5
Views: 399

Re: 1099 vs W2 (US & Canada)

If a Canadian company doesn't have a U.S. subsidiary to do the hiring, the W2 option is out the window anyways.
by MossySF
Sun Mar 11, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: Why International again?
Replies: 224
Views: 21035

Re: Why International again?

When you pick more than 1 asset class, you will ALWAYS underperform the person who happened to pick only the best class for that period. It's pure mathematics. The purpose of choosing International (or anything else) as an additional class to hold is to avoid putting all your money into the worst pe...
by MossySF
Thu Mar 08, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Can no longer invest in Vanguard admiral funds in Chase account. Suggestions?
Replies: 50
Views: 4893

Re: Can no longer invest in Vanguard admiral funds in Chase account. Suggestions?

You guys are lucky. I just tried to purchase some VTSAX in my self-directed IRA and the message I got was "This mutual fund is not available for purchase in your account (xxx)" I can buy the investor shares though. This is a Vanguard restriction. This was in the forum about 2 years ago how Index Ad...
by MossySF
Mon Mar 05, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: wild caught sockeye salmon
Replies: 27
Views: 3008

Re: wild caught sockeye salmon

I would not be surprised that wild fish had worms. I don't think that it has anything to do with Costco. Fish have parasites. It's happened to me. Bought fresh sockeye at local grocery and saw it worms. I have no idea if that was a refection of poor handling/storage at that grocery but now I only b...
by MossySF
Sat Feb 24, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: The Emerging Markets "lost decade" is over
Replies: 81
Views: 12875

Re: The Emerging Markets "lost decade" is over

Corruption is a big problem if you are trying to make individual small investments or start/do business in those countries. If you're just taking the entire market, corruption is priced already.

Now if you have moral issues investing in some of these countries, that's a perfectly valid reason.
by MossySF
Fri Feb 23, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 35301

Re: What if you only live off dividends?

If it's ok that dividends get cut from $50K to $25K during bad markets in a dividend-only approach ... then what's the difference from a $50K SWR approach where you decide to only sell $25K when the market is bad? Or instead of using a 2.5% dividend AA ... you use a 0% dividend AA and you sell 2.5% ...