Search found 1602 matches

by kramer
Mon Jul 16, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Passport expiration time rules for France
Replies: 31
Views: 1741

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: 777

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: 2381

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: 3135

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: 3026

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: 3135

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: 3391

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: 78
Views: 9407

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: 78
Views: 9407

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: 9122

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: 4324

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: 3827

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: 2037

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: 4625

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: 11202

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: 1288

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: 1108

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: 2255

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: 2105

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: 4707

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: 1977

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: 436

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: 1461

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: 12008

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: 12008

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: 12008

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: 38511

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: 2846

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: 3079

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: 1281

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: 1281

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: 1281

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: 2316

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: 86003

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: 1251

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: 3107

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: 5156

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: 995

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, ...
by kramer
Mon Jan 15, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Social Security “Hump” and the new tax rates???
Replies: 36
Views: 5483

Re: Social Security “Hump” and the new tax rates???

I was able to download the latest MarginalRate spreadsheet from Number Cruncher's site last week (thanks so much!). However, to get it to work in Libre Office, I had to download the very latest version of Libre Office (5.4.4.2), it didn't work with an earlier version that was, I think, less than a y...
by kramer
Sun Jan 14, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12956

Re: Is it time for me to "call in rich"?

I retired early as an engineer (age 41) and I too was terrified about it. I really didn't know if I could follow through with giving notice and it was one of the hardest things I did in my whole life ... that was 11 years ago and I am still retired with no regrets. One thing I did after I made a pre...
by kramer
Thu Jan 11, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: anyone else enjoying an afternoon nap in retirement?
Replies: 19
Views: 2042

Re: anyone else enjoying an afternoon nap in retirement?

Honestly, as a retired guy I haven't napped in years ... I just sleep late in the morning.
by kramer
Fri Dec 22, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for month of the year to retire
Replies: 33
Views: 2762

Re: Strategy for month of the year to retire

I got vested for quarterly bonuses as long as I worked a day in that quarter. So I gave my 2 week notice on the first Friday or Monday on or after April 1 (it turned out to be a Monday). There were a lot of factors driving the date. But I was able to max my 401(k) annual contributions by early April...
by kramer
Fri Dec 22, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: The Wall Street Journal to close Google loophole entirely
Replies: 169
Views: 33852

Re: The Wall Street Journal to close Google loophole entirely

Other threads involving bypass paying for a service are locked, how is this allowed to go on ? Clearly the WSJ intends to only offer a paid subscription. I pay for it, as it is one of the few sources of high quality journalism left today. NY Times and Wash Post too. You get what you pay for (or in ...
by kramer
Thu Dec 21, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: The Wall Street Journal to close Google loophole entirely
Replies: 169
Views: 33852

Re: The Wall Street Journal to close Google loophole entirely

The Facebook workaround stopped working for me a few days ago, also.
by kramer
Thu Dec 21, 2017 5:37 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, younger retirees, new (temporary) tax brackets
Replies: 6
Views: 884

Re: Roth conversions, younger retirees, new (temporary) tax brackets

If we do not speculate on changes to the “new“ tax plan, tax rates should increase automatically and fairly significantly at the end of 2025. For many of us who will begin required minimum distributions from our IRAs around that time the decision in favor of a Roth conversion has never been easier....
by kramer
Tue Dec 19, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and overseas bank accounts
Replies: 10
Views: 1714

Re: Turbo tax and overseas bank accounts

I have found that Turbo Tax handles form 1116 pretty well for foreign tax paid on investments. I had more trouble with Form 1116 when I used the basic turbo tax ... now I use the one two levels above that, can't remember the name (premiere?) , last year i paid around $55 on Amazon for it. I went bac...
by kramer
Tue Dec 19, 2017 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and overseas bank accounts
Replies: 10
Views: 1714

Re: Turbo tax and overseas bank accounts

Turbo tax handles all this, and you can also enter in foreign tax paid on your foreign bank income. I don't remember how it's done exactly, but I think like the earlier poster said, you just create a 1099 in Turbo Tax for it (even though there is no real 1099) and the interest gets entered on Schedu...
by kramer
Mon Dec 18, 2017 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Harvest tax gains? Convert to Roth?
Replies: 5
Views: 596

Re: Harvest tax gains? Convert to Roth?

The basic answer to your question is that, yes, you should probably use the entire 15% bracket, if possible. The answer about the mix of conversion and capital gains depends on what bracket you will be in retirement, how large your IRA is, etc. My guess is that it is best for you to take as many cap...
by kramer
Fri Dec 15, 2017 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: What happened to Bridgeway???
Replies: 14
Views: 1691

Re: What happened to Bridgeway???

More details here, started in 2012 and entitled "BRSIX - 20% distribution": https://www.bogleheads.org/forum/viewtopic.php?t=107161 I posted there in November about this upcoming BRSIX distribution. Roughly, here are the stats of BRSIX annual cap gains distribution as percentage of NAV: 2012: 20% 20...
by kramer
Fri Dec 15, 2017 3:13 am
Forum: Investing - Help with Personal Investments
Topic: Tax planning: Convert Roth or zero tax due?
Replies: 18
Views: 1421

Re: Tax planning: Convert Roth or zero tax due?

In addition to FiveK's post, all of your long term capital gains and qualified dividends in your taxable account go from 0% to 15% tax if you convert a large sum. Another strategy would be to stay in the 15% bracket but max it out by taking taxable capital gains, which would be taxed at 0%. You will...