Search found 1614 matches

by kramer
Mon Sep 17, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 36
Views: 2478

Re: Delaying SS? How Long It Will Take for It to Pay Off?

An additional point, taking social security late doesn't affect my spending once I am 62+ and delaying...I am just spending from different sources until Social Security kicks in. In fact, I will be spending slightly more before taking Social Security by taking it later and increasing average lifetim...
by kramer
Sun Sep 16, 2018 5:57 am
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 300
Views: 51758

Re: What is your luxury good?

With super low base expenses, I spend freely, which I guess is a luxury in and of itself. I am about to buy a pair of $400 noise cancelling headphones and an expensive laptop. I have a latte at Starbucks or similar almost every day. I eat out one meal almost every day. I travel whenever I want and w...
by kramer
Sun Sep 09, 2018 7:51 pm
Forum: Personal Consumer Issues
Topic: Best Intro Geology Textbooks
Replies: 17
Views: 1025

Re: Best Intro Geology Textbooks

The textbook I used in College seems to still be popular ... called Earth: An Introduction to Physical Geology ... I remember it was quite readable for my upper division intro to Geology class for science majors. The latest edition is 150 dollars but there is a new edition every couple of years and ...
by kramer
Sat Sep 08, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: Go to Istanbul next week. Any suggestions
Replies: 49
Views: 3482

Re: Go to Istanbul next week. Any suggestions

I went to Turkey two years ago this month with a travel friend ... we are both world travelers. I had tacked the 2 week Turkey trip onto the end of a 3 week Israel/Jordan trip out of geographical convenience ... however, it turned out to be the highlight of my travels. We both decided that we receiv...
by kramer
Thu Aug 30, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Will I ever sell Ibonds from 2001 - 3% fixed
Replies: 78
Views: 4919

Re: Will I ever sell Ibonds from 2001 - 3% fixed

I plan to cash mine out over a period of 3 tax years in order to minimize taxes. Cash some out in December of one year, some out in December of the following year, and then cash the rest out when they mature (in May or something like that). So I end up cashing some 17 months early (exactly to the to...
by kramer
Thu Aug 30, 2018 9:28 pm
Forum: Personal Consumer Issues
Topic: Mega Downsize....
Replies: 91
Views: 8292

Re: Mega Downsize....

We began a decluttering, minimalistic, and simplistic life both financially and non-finacially years ago. This is a large undertaking but the journey starts with the first step. I have learned that it is not a one time event but rather a philosophy and ongoing way of life. Agreed, and I think one o...
by kramer
Fri Aug 24, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)
Replies: 50
Views: 2386

Re: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)

As an example, I was in Spain for over a month this summer. I got a sim card that had 10 Gigabytes per month and only costed 20 Euros with roaming throughout Europe, good for 30 days. I just refilled it with 20 Euros before the 30 days were up for another month. As far as I could tell, virtually eve...
by kramer
Fri Aug 17, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 89
Views: 5486

Re: physics/math major looking for programmer/analyst job?

My information is dated (15 years ago), but I just wanted to add one thing I don't see mentioned here (among many good suggestions). Our MegaCorp Silicon Valley software engineering group really wouldn't consider any recent grad who had not completed some working internships while in school. If some...
by kramer
Fri Aug 03, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Phone Rental for South America?
Replies: 15
Views: 755

Re: Phone Rental for South America?

I have used local sims in countless countries. But it is not always convenient and it is not always possible to do it at the airport (and rarely optimal to do so). So it is a compromise versus having a more expensive data plan available via your home country provider immediately upon landing (I don'...
by kramer
Wed Aug 01, 2018 7:21 pm
Forum: Personal Consumer Issues
Topic: Phone Rental for South America?
Replies: 15
Views: 755

Re: Phone Rental for South America?

Detailed information for buying a sim card locally in your destination countries:

http://prepaid-data-sim-card.wikia.com/wiki/Peru

http://prepaid-data-sim-card.wikia.com/wiki/Ecuador
by kramer
Sun Jul 29, 2018 8:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9445

Re: Vanguard Paper on Roth Conversion Analysis

Nowadays, conversion is somewhat less optimal for me, tax-wise, since my IRA is small enough now to be 100% bonds (e.g., it is well below my overall bond allocation in all accounts). So each conversion is effectively moving bonds from the IRA to taxable and moving stocks from taxable to Roth.
by kramer
Thu Jul 19, 2018 9:53 pm
Forum: Personal Consumer Issues
Topic: Passport expiration time rules for France
Replies: 34
Views: 2461

Re: Passport expiration time rules for France

As stated earlier, airline rules trump country rules with respect to letting you on the airplane. Different airlines may have different rules for the same country. Be safe. Renew early. A trick many routine international travelers use is to visit one of our embassies in a foreign country that you g...
by kramer
Mon Jul 16, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Passport expiration time rules for France
Replies: 34
Views: 2461

Re: Passport expiration time rules for France

I always renew my passport with plenty of time to spare, say at the first convenient time in the ninth year, so that I have a new passport back with an absolute minimum of one year to spare. It's one of those things where I don't want to confuse the cost of the thing (let's say $20 per year) with th...
by kramer
Wed Jul 11, 2018 3:18 am
Forum: Personal Consumer Issues
Topic: Wired/Wireless Headphones with Mic
Replies: 8
Views: 826

Re: Wired/Wireless Headphones with Mic

Don't wireless bluetooth headphones and mics add an average of 0.2 seconds delay each way? This is one reason, at least, I don't use wireless for online language lessons (adding to what is already an internet sound/video delay and causing the video to not quite be synced with the audio). But it woul...
by kramer
Tue Jun 26, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: anyone working overseas? pros-cons?
Replies: 22
Views: 2545

Re: anyone working overseas? pros-cons?

Hello, I am electrical engineer, thinking about going to work overseas. Is anyone here currently working (or worked previously) overseas? I plan to do it to put together a nice cash pile and expedite my retirement. I heard middleeast (saudi/use/qatar) has many usa expats. If you have been or curren...
by kramer
Thu Jun 14, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: ~1 year from FIRE - Tax diversification strategy?
Replies: 25
Views: 3226

Re: ~1 year from FIRE - Tax diversification strategy?

Hello, I find this thread very helpful. I am confused about the comments by Kramer and SGM. Are you saying that since the result is that dividends and capital gains from the taxable accounts will be put into a higher tax situation, it would be better to convert to a higher level (meaning convert mo...
by kramer
Tue Jun 12, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Would you choose text or email for two-factor authentication?
Replies: 50
Views: 3239

Re: Would you choose text or email for two-factor authentication?

For those using texts to your cellphone, what do you do when you travel abroad? Are you effectively locked out of your accounts? I spend up to several months each year abroad and normally use a local sim card in my destination country ... so I can't receive texts at my regular cellphone number. The ...
by kramer
Tue Jun 12, 2018 4:21 am
Forum: Personal Finance (Not Investing)
Topic: ~1 year from FIRE - Tax diversification strategy?
Replies: 25
Views: 3226

Re: ~1 year from FIRE - Tax diversification strategy?

I would consider converting up to the 24% tax bracket. Higher state taxes in 6 years will likely more than make up for the 2% difference in marginal rates of the 22% bracket and allow for a lot more conversions each year over your 6 year time frame. State and local income taxes can be significant. ...
by kramer
Sun May 27, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Leave career (fortune 200) and join the peace corps?
Replies: 29
Views: 3578

Re: Leave career (fortune 200) and join the peace corps?

I would look for a better and different type of job instead as an approach to avoiding burnout. Try to figure out what it is about your job that has burned you out (too much travel, management stress, etc). Because it sounds like you will feel the same after you return from a Peace Corps stint. You ...
by kramer
Sun May 13, 2018 4:21 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 94
Views: 12562

Re: Retire Internationally for FIRE

Paul Merriman and his wife spend part of their year in Mexico in San Miguel De Allende (and the other time in Seattle). He's talked about it on his podcast in the past. He says it's cheaper than the U.S. and he and his wife have a cook to prepare meals that would not be affordable to do in the U.S....
by kramer
Mon May 07, 2018 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 94
Views: 12562

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? There are no special requirements f...
by kramer
Sat May 05, 2018 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9448

Re: Does it make sense to rent as a retiree?

I am in my early 50's, retired 11 years ago, and have rented my entire life. I think this comes down more to personality and lifestyle than finances. For me, personally, my total rent plus all utilities is a small part of my total spending, so I consider it more of a rounding error and I am less con...
by kramer
Sat Apr 28, 2018 4:51 am
Forum: Personal Finance (Not Investing)
Topic: The Paperless Life
Replies: 45
Views: 4477

Re: The Paperless Life

I try to go paperless as much as possible but I also believe that paper is a great user interface. All of my important lifetime financial, tax, and medical records fit into one box about 1.5 feet by 1 foot by 1 foot. I see no reason not to keep it as a backup.
by kramer
Sun Apr 22, 2018 11:41 pm
Forum: Personal Consumer Issues
Topic: Traveling to Asia-need advice
Replies: 46
Views: 4037

Re: Traveling to Asia-need advice

Here is quick list for starters, at least...although I don't backpack anymore, I did go on a similar 7 month journey to southeast Asia immediately after I retired: * Check CDC web site for suggested vaccinations * Multiple ways to access money: suggested absolute minimum of 2 ATM cards on 2 differen...
by kramer
Sat Apr 14, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: How many of you have some developed international and EM indexed bond funds in your portfolio?
Replies: 25
Views: 2119

Re: How many of you have some developed international and EM indexed bond funds in your portfolio?

I would very much like to own some bonds in these segments but I am only interested in unhedged local currency bonds. And I have found the expense ratios too high (not willing to pay 0.35% for a developed international bond fund) and also the idea of an index in these sectors tends to buy most of th...
by kramer
Sat Apr 07, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Is it very hard to learn Spanish?
Replies: 65
Views: 4842

Re: Is it very hard to learn Spanish?

Moving from intermediate level to advanced level and then to fluency is quite difficult and takes years of effort. Most learners stay in what is often called "intermediate purgatory." When I lived in Mexico, I had a few friends tell me that I was fluent, when in fact I was not even close (thus leadi...
by kramer
Sun Apr 01, 2018 8:22 am
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 12373

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

I am not really following this thread, nor am I an expert on encryption or quantum computing but just wanted to share something I read recently. There was a paper in the last month (co-authored by Microsoft Research) that has made many people think quantum computing is finally going to be achievable...
by kramer
Mon Mar 26, 2018 3:14 am
Forum: Investing - Theory, News & General
Topic: Prime Harvesting--Do I have the steps accurate
Replies: 8
Views: 1343

Re: Prime Harvesting--Do I have the steps accurate

Aloha Joe is correct. At harvesting time, which is when your stocks reach 120% of their inflation-adjusted value since the previous harvest (or start of plan), you sell 20% of your existing stocks and buy bonds with the proceeds. You are living off bonds and bond interest only. All stock dividends a...
by kramer
Sat Mar 24, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to overseas and state taxes
Replies: 12
Views: 1154

Re: Moving to overseas and state taxes

As a result, I couldn't get out of it for that year since the big 4 firm immediately zeroed in on this issue. I immediately 'moved' to Texas. I'm considering 'moving' to South Dakota soon since I'll be losing the physical address I use in Texas soon . If you're able to do your taxes yourself, like ...
by kramer
Sun Mar 18, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: no health insurance as an early retirement strategy
Replies: 30
Views: 2369

Re: no health insurance as an early retirement strategy

Having no health insurance is a *terrible* idea in the USA for numerous reasons that we are all familiar with ... I think the only way your strategy could be reliably implemented is if you lived in a country with (much) more reasonably priced healthcare that you could purchase when needed (probably ...
by kramer
Sat Mar 03, 2018 12:19 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Planning
Replies: 27
Views: 2177

Re: Roth Conversion Planning

Keep in mind that if you are in the 15% bracket without conversions, then all of your qualified dividends (and capital gains) in your taxable account will be pushed from 0% to 15% tax rate. I have an additional situation where I can't take full advantage of the Foreign Tax Credit in most years becau...
by kramer
Fri Feb 23, 2018 11:34 pm
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 54
Views: 4954

Re: What books changed your outlook on how you should invest?

Many books, of course, have had an influence. Recently, this book had a major impact on my investments:

Michael McClung, Living Off Your Money: The Modern Mechanics of Investing During Retirement with Stocks and Bonds.

https://www.amazon.com/Living-Off-Your- ... 0997403403
by kramer
Sat Feb 17, 2018 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Does the absence of need for a legacy affect your AA or SWR?
Replies: 24
Views: 2090

Re: Does the absence of need for a legacy affect your AA or SWR?

I agree with what has been posted in this thread. It may also affect tax moves ... if you are also single with no legacy motive, in early retirement you may favor taking 0% capital gains over IRA to Roth conversions in order to save a full 15% on tax rates. But if you are married or have a legacy mo...
by kramer
Tue Feb 13, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: tax gain harvest and Roth conversion ladder in early retirement
Replies: 4
Views: 481

Re: tax gain harvest and Roth conversion ladder in early retirement

You are correct and you also get a 24,000 standard deduction on top of the 77K. As to how you proceed with IRA to Roth conversions and tax gain harvesting, it will be necessary to model your marginal tax rates in the future, particularly after you and your spouse take Social Security. I found the Ma...
by kramer
Tue Feb 13, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: What are the chances of corrected 1099s?
Replies: 19
Views: 1524

Re: What are the chances of corrected 1099s?

I prefer to prepare my taxes this month and file around April 8 or so. I own 5 Vanguard International ETFs in my taxable account. When there were corrected Vanguard 1099's in the past ... how late in the year did the corrections arrive?
by kramer
Fri Feb 09, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 4 Horsemen Of Your Portfolio
Replies: 111
Views: 12236

Re: Larry Swedroe: 4 Horsemen Of Your Portfolio

Best wishes Larry PS my new book the updated version of Reducing the Risk of Black Swans should be out by end of next month as we have finished editing and now it process of being laid out. It will go into a fair amount of depth on each of the alternatives so people can make decisions based on actu...
by kramer
Fri Feb 09, 2018 2:42 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 4 Horsemen Of Your Portfolio
Replies: 111
Views: 12236

Re: Larry Swedroe: 4 Horsemen Of Your Portfolio

From Larry's article: Second, make sure your plan incorporates the proper life expectancy, and considers that half the population lives longer than expected. Consider annuitizing some portion of your assets with a deferred payout policy (you should only buy insurance for the period you need it, and...
by kramer
Thu Feb 08, 2018 4:26 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 4 Horsemen Of Your Portfolio
Replies: 111
Views: 12236

Re: Larry Swedroe: 4 Horsemen Of Your Portfolio

I think what will happen, out of necessity, is the comeback of the extended family. Who would be in this extended family? Not sure there are many cases where anyone other than the children would take on this care. If we're talking about the children, then the first question is "are there children?"...
by kramer
Tue Feb 06, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 213
Views: 39521

Re: What's your U.S. : International ratio?

US - 42%
International - 58%
by kramer
Sun Feb 04, 2018 7:09 am
Forum: Investing - Theory, News & General
Topic: Is there any reason not to very gradually migrate an emergency savings fund from a savings account to I Bonds?
Replies: 15
Views: 2918

Re: Is there any reason not to very gradually migrate an emergency savings fund from a savings account to I Bonds?

How long would it take from the time one initiated an I-bond sale on Treasury Direct to the time the money was in the linked (savings?) account and available to be withdrawn or transferred? Also, does such an online I-bond sale have to be initiated when the US bond market is open or can it be initia...
by kramer
Fri Feb 02, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: I BONDS Maturing in 2030
Replies: 42
Views: 3203

Re: I BONDS Maturing in 2030

My I-bonds mature in 4/2031 and 10/2031. I plan to cash out some in 12/2029, some in 12/2030, and the rest in 10/2031. I will max out the 12/15% income bracket doing this in 2030 and 2031. I will cash out just enough in 12/2029 to achieve this. On average, I will cashing in my I-bonds only about 7 m...
by kramer
Fri Feb 02, 2018 4:02 am
Forum: Investing - Help with Personal Investments
Topic: HSA Asset Allocation Strategy and Choices
Replies: 12
Views: 1456

Re: HSA Asset Allocation Strategy and Choices

Krischi, That's a good point ... that HSAs do not have RMDs like a regular IRA.
by kramer
Thu Feb 01, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: HSA Asset Allocation Strategy and Choices
Replies: 12
Views: 1456

Re: HSA Asset Allocation Strategy and Choices

However, one caveat is to be sure that it will not outgrow your eventual health expenses since then it becomes more like an IRA instead of a Roth IRA. Meaning what? Health expenses could be withdrawn tax free, but other withdrawals would count as income on the earning portion? If you end up withdra...
by kramer
Thu Feb 01, 2018 12:24 am
Forum: Investing - Help with Personal Investments
Topic: HSA Asset Allocation Strategy and Choices
Replies: 12
Views: 1456

Re: HSA Asset Allocation Strategy and Choices

Like grabiner said, I just consider the HSA account as an extension of my Roth IRA (but as something better than my traditional IRA), since with enough health expenses I can withdraw from it tax free. And like him it is small and I keep it all in a single ETF. However, one caveat is to be sure that ...
by kramer
Tue Jan 30, 2018 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax-Please check my math
Replies: 23
Views: 2353

Re: Foreign Tax-Please check my math

Since you have more than $20,000 in foreign dividend income, you have to use the special calculations ("adjustments") described in Publication 514 and in Form 1116 as described in the instructions. I am guessing you ignored that complication in your math, but I don't know for sure. No, it's $20K in...
by kramer
Mon Jan 29, 2018 2:58 am
Forum: Investing - Theory, News & General
Topic: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]
Replies: 437
Views: 88846

Re: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]

In order for me to prepare for retirement in 2019, I would need to convert $840k of stocks in my taxable accounts to bonds this year. While still working and earning ~$300K. I agree with the other posters here. In addition to what has been said, throughout your retirement you will want to take maxi...
by kramer
Sun Jan 28, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax glitch w/Form 1116 when e-filing
Replies: 13
Views: 1277

Re: TurboTax glitch w/Form 1116 when e-filing

Thanks for the warning.

With a range of ETFs that contain domestic and international stocks, I wouldn't even consider filing until early March, at the absolute earliest.
by kramer
Mon Jan 22, 2018 4:51 am
Forum: Personal Consumer Issues
Topic: Passport renewal and usage- what's the scoop?
Replies: 33
Views: 3190

Re: Passport renewal and usage- what's the scoop?

I suggest getting the passport card at the same time. It’s proof of identity and citizenship. Useful when getting a job or flying domestic. What’s the point? Drivers license works fine for flying and how often are you getting a job? The main use is that you can have the card on your person while ab...
by kramer
Fri Jan 19, 2018 11:28 am
Forum: Investing - Theory, News & General
Topic: International Bonds
Replies: 34
Views: 5557

Re: International Bonds

I live abroad in a small, developing economy ... and I can't realistically invest in the local currency for various reasons. So I would love to own some unhedged international bonds to better diversify away from the dollar. But I have never found good value to do that ... the closest are probably th...
by kramer
Tue Jan 16, 2018 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: In this case, put bonds in taxable?
Replies: 10
Views: 1048

Re: In this case, put bonds in taxable?

There really is no obvious best answer here, particularly because of your ACA subsidy ... you need to do a detailed analysis. And also consider that if you wait until you are 63 you will start running into IRMAA problems (increased Medicare costs due to high income, they look back two years). Also, ...