Search found 1258 matches

by halfnine
Tue Sep 15, 2020 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Bypass-trust seems to be no longer feasible for inherited IRA?
Replies: 28
Views: 2015

Re: Bypass-trust seems to be no longer feasible for inherited IRA?

Just thinking out loud here but could an SPIA possibly make sense here for assets above the exemption? Removes those assets from the estate, protects against longevity, and still would likely provide an inheritance with the remaining assets. Not perfect, but does this potentially eliminate both the ...
by halfnine
Sat Sep 12, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11486

Re: Should we buy a $3M+ house with parental help?

There are always strings attached. I know from experience. It's also already been proven by the fact that there would be less money available in 5 years (for some reason). I'd not turn down free money, but the above gives me pause. It doesn't really make sense why this ability to gift would go down...
by halfnine
Fri Sep 11, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: So how does CA track residency for tax purposes?
Replies: 37
Views: 2678

Re: So how does CA track residency for tax purposes?

...I think the IRS and states exchange information, as needed. As an example, if you amend one return, the IRS or state would probably notify the other... My experience (see above) indicates that this isn't true. I actually specifically asked the rep. Of course, this could have changed as this was ...
by halfnine
Fri Sep 11, 2020 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: So how does CA track residency for tax purposes?
Replies: 37
Views: 2678

Re: So how does CA track residency for tax purposes?

I had an errant 1099 listing an address in California. I didn't find out about it until years later when California had eventually tracked me down and presented me with a nice tax bill with penalties and interest. Fortunately, I was able to sort it out over the phone. I also had an errant 1099 in Mi...
by halfnine
Fri Sep 11, 2020 5:32 am
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11486

Re: Should we buy a $3M+ house with parental help?

If one set of our parents made the offer.....yes.
If the other set our parents made the offer.....no.

This really isn't a finanacial question.
by halfnine
Fri Sep 11, 2020 4:47 am
Forum: Personal Investments
Topic: Considering switching to unhedged international bonds
Replies: 20
Views: 1216

Re: Considering switching to unhedged international bonds

In the data I have seen across countries, a globally diversified portfolio with unhedged interational bonds due a better job of eliminating extreme left tail risk. They also tend to miss out on right tail growth as well as skew the overall median of returns slightly to the left. As we would much rat...
by halfnine
Wed Sep 09, 2020 6:43 am
Forum: Non-US Investing
Topic: hedging of local currency
Replies: 15
Views: 795

Re: hedging of local currency

There is literally no ETF hedged to koruna, so I have two options: 1) invest into koruna hedged mutual fund based on broad index 2) invest into unhedged ETF and bear the losses I also live in a country with effectively no hedging options -- Vietnam. You can't even buy government bonds to hedge that...
by halfnine
Wed Sep 09, 2020 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Rice & Beans [limiting food expenses]
Replies: 96
Views: 13896

Re: Rice & Beans [limiting food expenses]

Where I live (not USA these days) they have daily use by date sales at a select time each day. Pre-Covid I would go to the store 2 or 3 times a week at these times. Lean meats, fruits, veg all at 25% of regular price and normally plenty of life left in them with no shortage of variety. Food shopping...
by halfnine
Tue Aug 25, 2020 8:45 am
Forum: Personal Consumer Issues
Topic: Vacationing safely in the era of Covid - How did you do it?
Replies: 124
Views: 9577

Re: Vacationing safely in the era of Covid - How did you do it?

Any advice/guidelines/success stories on how to minimize risk on transatlantic flights (>12 hours)? (assuming not taking the flight is not an option) Any recommendations for protective gear? (N95 or other types of masks? Is it even possible to keep those masks on for that long?) In general I would ...
by halfnine
Tue Aug 25, 2020 7:58 am
Forum: Non-US Investing
Topic: US/UK Dual Citizen 401K Options
Replies: 19
Views: 994

Re: US/UK Dual Citizen 401K Options

UK Yankee is another forum for your questions. https://talk.uk-yankee.com/ As a US citizen you’ll file a US tax return every year and report your non-US accounts. You won’t owe US taxes at your current UK salary after the foreign tax credit. UK is a pay as you go system and you probably wouldn’t ne...
by halfnine
Mon Aug 24, 2020 4:28 am
Forum: Investing - Theory, News & General
Topic: A timely and equanimous article on gold
Replies: 78
Views: 5953

Re: A timely and equanimous article on gold

... Gold is suddenly an asset under discussion ... why? Because it's doing well right now. Strange how little it got talked about in the years between... The gold threads have certainly increased but so do other threads when they are doing well. However, gold has certainly been discussed on this fo...
by halfnine
Sun Aug 23, 2020 8:45 am
Forum: Personal Consumer Issues
Topic: Vacationing safely in the era of Covid - How did you do it?
Replies: 124
Views: 9577

Re: Vacationing safely in the era of Covid - How did you do it?

...It reinforces the idea that you can only control what you do, and cannot count on others to take all the steps they should to minimize risk to others... This is the key to me. I live in Europe in a place that was hard hit in the spring. And from what I saw then and what I still see today, well, ...
by halfnine
Sun Aug 23, 2020 8:32 am
Forum: Non-US Investing
Topic: US/UK Dual Citizen 401K Options
Replies: 19
Views: 994

Re: US/UK Dual Citizen 401K Options

...Your main problem will (of course!) be tax. Specifically US tax. The US/UK tax treaty reserves taxing rights to the US for a pension lump sum, Article 17(2). A slight worry is that Article 1(4) might override it, but normally it is only the US that wields the spiteful treaty saving clauses, to p...
by halfnine
Tue Aug 11, 2020 5:23 am
Forum: Personal Consumer Issues
Topic: What price range for Daughter's first car?
Replies: 122
Views: 5713

Re: What price range for Daughter's first car?

Another vote for encouraging her to make her own decision. It's her money, she's an adult...real job, pays real taxes, will have real debt obligation. Just because she asks for your input doesn't mean you should give it, it means that it's welcomed, but not necessarily what's best for her. I don't ...
by halfnine
Fri Aug 07, 2020 5:50 am
Forum: Non-US Investing
Topic: Nonresident alien looking to open a common savings account in the US or Europe
Replies: 14
Views: 1115

Re: Nonresident alien looking to open a common savings account in the US or Europe

Don't have an account there but possibly Barclays International Account Isle of Man. Min 25K GBP or equivalent I believe. Can setup from abroad. Other than that there are probably options but looking at more 50K to over 100K range.
by halfnine
Tue Aug 04, 2020 5:11 pm
Forum: Investing - Theory, News & General
Topic: What Would Be Your US/Int Equity Split If You Lived Outside US?
Replies: 58
Views: 2597

Re: What Would Be Your US/Int Equity Split If You Lived Outside US?

I invest globally but cap any individual country to 40% max to help mitigate left tail risk.
by halfnine
Tue Aug 04, 2020 5:00 pm
Forum: Investing - Theory, News & General
Topic: "Beware the Hype on Gold"
Replies: 170
Views: 12697

Re: "Beware the Hype on Gold"

We are over $2,000 today, people! $2,014 as of this moment! Important psychological threshold, indeed. Unsure what the consequences of that will be. Perhaps some will call top, others will say it's a new beginning. Sadly all unactionable. We can only stand on the sidelines and watch the fireworks.....
by halfnine
Tue Aug 04, 2020 4:56 pm
Forum: Personal Consumer Issues
Topic: Planning for a future "gap year" with children
Replies: 10
Views: 1227

Re: Planning for a future "gap year" with children

My wife and I are seasoned travelers to 6 out of 7 continents..... One more thought. I am retired so time is not a constraint but the longest trip that we have taken is about five weeks. Several times we have found is that after about three weeks the newness of being on the road wears off and by th...
by halfnine
Tue Aug 04, 2020 4:51 pm
Forum: Personal Consumer Issues
Topic: Planning for a future "gap year" with children
Replies: 10
Views: 1227

Re: Planning for a future "gap year" with children

We took a year off when our first child was born. And then another year when are second was born. Didn't travel so much as lived abroad, though. Honestly, weren't too fussed about traveling since we had taken gap years to do that as well prior to the kids. The only recommendation that consistently p...
by halfnine
Sat Aug 01, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Unmotivated daughter and son in law.
Replies: 115
Views: 9640

Re: Unmotivated daughter and son in law.

I would never let my kids starve or go without medical or dental care. I might even step in a bit if an unlikely risk were to show up (i.e pandemic). But if they want to improve upon their lot in life, they are on their own. My general philosophy is to help insure them against low risk high conseque...
by halfnine
Sat Aug 01, 2020 3:45 pm
Forum: Personal Consumer Issues
Topic: Suggestions for Women's light-weight bike
Replies: 19
Views: 1047

Re: Suggestions for Women's light-weight bike

I think we really need to know what kind of weight you can lift. I'd start by taking the entire front wheel off which is fairly quick and easy to do and should probably remove around 4 lbs from the bicycle. Then see how difficult it would be to lift the bicycle onto the rack. With that information w...
by halfnine
Fri Jul 31, 2020 11:24 am
Forum: Non-US Investing
Topic: Investing a USD windfall for a UK/US citizen living in Sweden
Replies: 23
Views: 1188

Re: Investing a USD windfall for a UK/US citizen living in Sweden

...You could invest directly in government bonds.... Possibly not. This may expose the investor to phantom capital gains in one country based on the currency exchange rate difference from the time of purchase and the time of redemption. I speak from personal experience where the 1% I received from ...
by halfnine
Fri Jul 31, 2020 2:32 am
Forum: Non-US Investing
Topic: Investing a USD windfall for a UK/US citizen living in Sweden
Replies: 23
Views: 1188

Re: Investing a USD windfall for a UK/US citizen living in Sweden

...You could invest directly in government bonds.... Possibly not. This may expose the investor to phantom capital gains in one country based on the currency exchange rate difference from the time of purchase and the time of redemption. I speak from personal experience where the 1% I received from ...
by halfnine
Thu Jul 30, 2020 7:33 am
Forum: Non-US Investing
Topic: Investing a USD windfall for a UK/US citizen living in Sweden
Replies: 23
Views: 1188

Re: Investing a USD windfall for a UK/US citizen living in Sweden

...You could invest directly in government bonds.... Possibly not. This may expose the investor to phantom capital gains in one country based on the currency exchange rate difference from the time of purchase and the time of redemption. I speak from personal experience where the 1% I received from ...
by halfnine
Wed Jul 29, 2020 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Adding Canadian Citizenship - any downsides?
Replies: 99
Views: 7488

Re: Adding Canadian Citizenship - any downsides?

To me, the biggest benefit of any passport is that you can live there and vote in their elections. To me, the biggest benefit of a highly valued passport would be the flexibility it would give you regarding where you can live or work. And to have an escape valve in an uncertain world. No matter whe...
by halfnine
Wed Jul 29, 2020 4:20 am
Forum: Personal Finance (Not Investing)
Topic: How to assign beneficial interest in a foreign rental property
Replies: 7
Views: 543

Re: How to assign beneficial interest in a foreign rental property

In the U.S.- and most foreign countries- taxable income from an asset normally follows ownership of that asset. There is usually no simple way to reassign income from one person to another without either selling or gifting the underlying asset, which in turn gives rise to its own set of tax issues....
by halfnine
Mon Jul 27, 2020 10:16 am
Forum: Personal Consumer Issues
Topic: In person vs online learning for 10yrs old?
Replies: 23
Views: 998

Re: In person vs online learning for 10yrs old?

Military children often fall into a subcategory of "third culture kids" or TCK. Most military families never go overseas, so their children stay in the USA, too, even though your statement is true because you used the qualifying term "often." The OP asked for the advantages and disadvantages for up...
by halfnine
Mon Jul 27, 2020 9:48 am
Forum: Personal Consumer Issues
Topic: In person vs online learning for 10yrs old?
Replies: 23
Views: 998

Re: In person vs online learning for 10yrs old?

Again, the question is more about potential gains for the kid (travelling experience, living in different cities, getting exposure to different culture) This sentence reads like the children of active service military parents who tend to move around a lot*, so this kind of thing happens all the tim...
by halfnine
Mon Jul 27, 2020 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbor's Land
Replies: 139
Views: 4558

Re: Land Border Issues & Aggressive Neighbor - Help Wanted Please

Lawyer is obviously the right answer. But it would be fun to start parking/driving on the lawn just on my side of the property line starting tomorrow. The next offer might be a lot closer to the appraised value once he realizes it really doesn't bother you to stop using the driveway. This is the an...
by halfnine
Mon Jul 27, 2020 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Adding Canadian Citizenship - any downsides?
Replies: 99
Views: 7488

Re: Adding Canadian Citizenship - any downsides?

Absolutely no downside, and it is ALWAYS good to have as much flexibility as possible in an uncertain world. I wish I was in her shoes. I would get Canadian citizenship ASAP. You never know when laws could change. (And vice versa if I was Canadian and could get US citizenship). US citizenship is ge...
by halfnine
Mon Jul 27, 2020 5:06 am
Forum: Personal Finance (Not Investing)
Topic: Adding Canadian Citizenship - any downsides?
Replies: 99
Views: 7488

Re: Adding Canadian Citizenship - any downsides?

Op I have no children, but maternal relatives in Toronto, Canada, my understanding if I would pass, my Canadian relatives would pay taxes on inheritances. My real estate properties will have to liquidated, Roth accounts may not benefit tax avoidance. This maybe an issue with your children in the fu...
by halfnine
Sun Jul 26, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Adding Canadian Citizenship - any downsides?
Replies: 99
Views: 7488

Re: Adding Canadian Citizenship - any downsides?

Op I have no children, but maternal relatives in Toronto, Canada, my understanding if I would pass, my Canadian relatives would pay taxes on inheritances. My real estate properties will have to liquidated, Roth accounts may not benefit tax avoidance. This maybe an issue with your children in the fu...
by halfnine
Sun Jul 26, 2020 4:15 am
Forum: Personal Finance (Not Investing)
Topic: 800 square feet to 1,700. Worth it?
Replies: 23
Views: 3063

Re: 800 square feet to 1,700. Worth it?

Wait a few years until the kid(s) are older. Life will dictate what the right path will be your family.
by halfnine
Sat Jul 25, 2020 1:19 am
Forum: Non-US Investing
Topic: How to hedge in case of a disaster in your country's economy
Replies: 92
Views: 6194

Re: How to hedge in case of a disaster in your country's economy

.. I mean if you go for a currency hedge you might precisely not be hedged in case of a disaster causing further devaluation of the pound. Otoh if you are not currency hedged with your bond allocation, your whole portfolio will suffer if the pound were to go back up... If the GBP goes up and you ar...
by halfnine
Sat Jul 25, 2020 12:20 am
Forum: Personal Consumer Issues
Topic: Insurance for daughter arriving from London
Replies: 10
Views: 1078

Re: Insurance for daughter arriving from London

I have historically used IMG Global but this was many years back.
by halfnine
Sat Jul 25, 2020 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Daughter getting job in the UK and tax/IRA implications
Replies: 15
Views: 1329

Re: Daughter getting job in the UK and tax/IRA implications

The tax on income is fairly straightforward to figure out in the UK. Take out retirement/pension contributions then subtract out the personal allowance and multiply it by the incremental tax bands. See https://www.gov.uk/income-tax-rates. I am going to speculate that at around 50K the FTC is probabl...
by halfnine
Fri Jul 10, 2020 6:27 pm
Forum: Non-US Investing
Topic: UK tax implications of gold
Replies: 7
Views: 489

Re: UK tax implications of gold

Thanks for the response! I believe gold based etfs that are HMRC reporting will have the same tax treatment as any other HMRC reporting fund. Yeah, I have not found anything that suggests otherwise. Be wary of currency changes. Your UK tax will be based on value in GBP at the time of sell minus the...
by halfnine
Fri Jul 10, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Sports drink preferences
Replies: 61
Views: 2986

Re: Sports drink preferences

In FL I play a lot of long matches in high heat/humidity and sweat a ton. You may benefit then from pre-cooling your body and pre-hydrating. And keeping you body cooler. While I am not recommending a cooling vest, there are other methods that you can research and experiment with such as popsicles m...
by halfnine
Fri Jul 10, 2020 3:16 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 139121

Re: Coronavirus (Consumer Issues) How you are preparing?

We are giving very serious consideration to moving overseas early next year if borders open again. Proven ability to react to and control this panademic will certainly play a factor in deciding where to go. Countries under consideration (country population cases deaths) Thailand 69,804,533 | 3,202 ...
by halfnine
Fri Jul 10, 2020 9:07 am
Forum: Non-US Investing
Topic: USD currency risk as a non-US investor
Replies: 49
Views: 3108

Re: USD currency risk as a non-US investor

I cap my USD exposure to 40% of Net Worth adjusted for human capital (to age 50) and expected state pension (social security for those Americans).
by halfnine
Fri Jul 10, 2020 5:35 am
Forum: Non-US Investing
Topic: UK tax implications of gold
Replies: 7
Views: 489

Re: UK tax implications of gold

This is off the top of my head so I offer it more as a point of discussion than any assumed accuracy. I believe gold based etfs that are HMRC reporting will have the same tax treatment as any other HMRC reporting fund. HMRC reporting status is only valid from inception date (looks like for those you...
by halfnine
Thu Jul 09, 2020 2:40 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 139121

Re: Coronavirus (Consumer Issues) How you are preparing?

batpot wrote: Tue Jul 07, 2020 4:38 pm ...Bought a 2 liter bottle of hand sanitizer years ago, and we're only 1/3rd of the way through it....
The alcohol in the hand sanitizer can evaporate over time and eventually drop to point where it may not longer be effective for the intended purpose.
by halfnine
Thu Jun 25, 2020 8:16 am
Forum: Investing - Theory, News & General
Topic: Can foreign stock markets tell us anything about how the S&P might act in the future?
Replies: 30
Views: 1794

Re: Can foreign stock markets tell us anything about how the S&P might act in the future?

Is it useful to look at the historical behavior of the stock markets of other countries for clues how the S&P could potentially act in the future? Yes. Or is the U.S. stock market so fundamentally different from the others that it would be like comparing apples to oranges? No. If I was to hazard a ...
by halfnine
Thu Jun 25, 2020 5:25 am
Forum: Investing - Theory, News & General
Topic: Can foreign stock markets tell us anything about how the S&P might act in the future?
Replies: 30
Views: 1794

Re: Can foreign stock markets tell us anything about how the S&P might act in the future?

Is it useful to look at the historical behavior of the stock markets of other countries for clues how the S&P could potentially act in the future? Yes. Or is the U.S. stock market so fundamentally different from the others that it would be like comparing apples to oranges? No. If I was to hazard a ...
by halfnine
Sun Jun 21, 2020 2:04 pm
Forum: Personal Investments
Topic: Your thoughts on a <= 10% allocation to PHYS - Sprott Physical Gold Trust
Replies: 20
Views: 1681

Re: Your thoughts on a <= 10% allocation to PHYS - Sprott Physical Gold Trust

I again ask for clarification: My understanding is that gold ETFs (e.g., GLD, GLDM, AAAU, SGOL, IAU, OUNZ, BAR,...) are taxed at the ordinary income rate or the collectible rate (28%), whichever is lower. Is that correct? I can't speak for all the etfs but in general, yes, you have it correct. The ...
by halfnine
Sat Jun 13, 2020 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10682

Re: Girlfriend paying rent

When I moved in with my SO they originally wanted to charge me market rates. At which point, fair being fair, I offered to buy the place off them and charge them market rates. They , obviously, weren't so fond of that idea and so we settled on a more reasonable arrangement. Cool. How many significa...
by halfnine
Sat Jun 06, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10682

Re: Girlfriend paying rent

Since GF is not enjoying any of the appreciation on the house, it makes perfect sense for her to pay 1/2 of the nominal recurring costs of the house - property taxes, insurance, utilities etc. I would truly hesitate to charge her any more than $750 just because she can afford it, because she is not...
by halfnine
Sat Jun 06, 2020 3:35 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1229
Views: 110588

Re: Well, I am market timing due to coronavirus... Wish me luck.

I am not the original person you were replying to buy my thoughts on what you've stated: ...Fortunately, I would like to think that most of the people on this site are not as closed minded as you suggest. As with any public forum, I suppose the most closed minded ones are also those most vested in t...
by halfnine
Tue May 26, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39269

Re: The axe falls and I am prepared. What's next?

Just out of curiosity, go where and how? it's not like we're all able to board a plane with our luggage in hand as the world has melted down and is in ruins. squirm, My family is spread across 30+ countries in the world. We are globalized. KlangFool Klangfool's family can probably own a little gold...