Search found 1466 matches

by bberris
Mon Aug 03, 2020 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Medicare: Dental Coverage Question?
Replies: 10
Views: 468

Re: Applying for Medicare: Dental Coverage Question?

Dental usually has a preexisting condition exclusion.
by bberris
Thu Jul 30, 2020 7:47 am
Forum: Personal Finance (Not Investing)
Topic: CPA asking for documentation
Replies: 21
Views: 2401

Re: CPA asking for documentation

Your CPA could be jailed for tax fraud. I think it's normal to protect oneself.
by bberris
Tue Jul 28, 2020 4:00 pm
Forum: Personal Investments
Topic: Should I start social security at 62 to invest it?
Replies: 74
Views: 7499

Re: Should I start social security at 62 to invest it?

Benefits have been cut several times. [...] 3. Change in the inflation index As far as I know the only time the COLA provision was changed (after initially being added in the 1972 Amendments) was the 1986 change which removed the 3% threshold for COLAs. Am I missing something? Right. Maybe I was th...
by bberris
Tue Jul 28, 2020 1:28 pm
Forum: Personal Investments
Topic: Should I start social security at 62 to invest it?
Replies: 74
Views: 7499

Re: Should I start social security at 62 to invest it?

I just read that SS benefits will be cut to 75% starting in 2035 unless something changes. I'll have to model that and see if that affects the breakeven age. In my opinion the chance of reducing SS benefits is 0%. People over 62, vote in droves. NO chance...NO way!!! :!: Avoiding speculating on the...
by bberris
Tue Jul 28, 2020 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock
Replies: 33
Views: 2696

Re: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock

... $ 483 - Title - Owner's Title Insurance (optional) ... The rest of the costs are for taxes, property tax prepay, and homeowners insurance prepay, which are what they are. If you bought an owner's title policy when you closed on the house, you don't need a new owner policy for a refi. Only the l...
by bberris
Tue Jul 28, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock
Replies: 33
Views: 2696

Re: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock

I would just shop around and see if you can get better. Unless you've already spent money with the guy you're locked with (like for an appraisal), there is nothing to keep you from going with someone else. Locks are binding on their end, not yours. If you find a better quote elsewhere you can take ...
by bberris
Tue Jul 28, 2020 6:17 am
Forum: Personal Investments
Topic: Should I start social security at 62 to invest it?
Replies: 74
Views: 7499

Re: Should I start social security at 62 to invest it?

I just read that SS benefits will be cut to 75% starting in 2035 unless something changes. I'll have to model that and see if that affects the breakeven age. In my opinion the chance of reducing SS benefits is 0%. People over 62, vote in droves. NO chance...NO way!!! :!: Avoiding speculating on the...
by bberris
Mon Jul 27, 2020 7:54 am
Forum: Investing - Theory, News & General
Topic: PSA: gold
Replies: 60
Views: 4887

Re: PSA: gold

zaboomafoozarg wrote:
Sat Jul 25, 2020 2:00 pm
I usually pay way, way more than spot for gold

but the only kind I care about is in the form of ancient coins :D
Some of the Roman gold is gorgeous. I really like to look at them in museums but I could never bring myself to own any. Picture?
by bberris
Sun Jul 26, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Is bodily injury [car liability] insurance needed if you have health insurance
Replies: 18
Views: 1288

Re: Is bodily injury insurance needed if you have health insurance

I don't buy it. It might cover a deductible but I'm not sure about that.
by bberris
Sun Jul 26, 2020 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Is bodily injury [car liability] insurance needed if you have health insurance
Replies: 18
Views: 1288

Re: Is bodily injury insurance needed if you have health insurance

Maybe you are thinking of the medical coverage part of car insurance. It pays the hospital for your own injuries in case you are at fault. It ends up being a reimbursement of your health insurance.
by bberris
Sat Jul 25, 2020 6:23 am
Forum: Investing - Theory, News & General
Topic: Looking for free API for S&P 500 index
Replies: 7
Views: 927

Re: Looking for free API for S&P 500 index

I believe the issue is licensing. So for example googlefinance will give you a price for any sp500 index etf, but not the index itself. Maybe just apply a conversion factor .
Something like
=googlefinance("spy", "price")/10
by bberris
Fri Jul 24, 2020 7:55 pm
Forum: Investing - Theory, News & General
Topic: Risk Parity: When Stocks "Zig," What is the Best "Zag"?
Replies: 31
Views: 1727

Re: Risk Parity: When Stocks "Zig," What is the Best "Zag"?

I can see how total bond, treasuries, etc perform with a stock portfolio of different allocations in portfolio visualizer, but would be nice to see how total bond / treasuries perform only when stocks are in a downturn. Any thoughts/insight on this? https://www.bogleheads.org/forum/viewtopic.php?f=...
by bberris
Fri Jul 24, 2020 6:17 pm
Forum: Investing - Theory, News & General
Topic: Risk Parity: When Stocks "Zig," What is the Best "Zag"?
Replies: 31
Views: 1727

Re: Risk Parity: When Stocks "Zig," What is the Best "Zag"?

This probably isn't what you had in mind, but short etf's are as close as you can get. Completely neutralize gains and losses. For example, SDS has a -1.00 correlation with VTI. Some people (not me) advocate volatility bets as a proxy for shorting. For example, VXX pretty reliably runs inverse to th...
by bberris
Fri Jul 24, 2020 7:20 am
Forum: Personal Finance (Not Investing)
Topic: [Getting paid while pursuing a PhD]
Replies: 43
Views: 2205

Re: [Getting paid while pursuing a PhD]

Science and technology fields generally get a funded and paid research assistant position. Anyway that was the way it was 45 years ago. I would guess all teaching assistants get paid even in new useful fields like gender studies. We were required to teach 4 trimesters out the supposed 12. In some sc...
by bberris
Thu Jul 23, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Refinance has drug out, how do I check if I can get better rate?!?
Replies: 2
Views: 346

Re: Refinance has drug out, how do I check if I can get better rate?!?

The credit score hit from another hard inq is very small and won't affect your rate if you already have good credit. Multiple credit inq within a few weeks (seems you've gone longer than that) only count as one. Just shop around, fill out the applications, and let them know you are doing it. If you'...
by bberris
Tue Jul 21, 2020 8:33 pm
Forum: Personal Consumer Issues
Topic: Negotiating with landlord on installing radon mitigation system
Replies: 43
Views: 2102

Re: Convincing landlord to pay for radon mitigation?

Does the basement have a window you can open? Or put a fan at the top of the stairs to get air moving.
by bberris
Tue Jul 21, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Selling paid off home
Replies: 7
Views: 1925

Re: Selling paid off home

We retained a real estate lawyer to represent us & ensure we received the correct amount of money. The attorney fee was small & worth it for one of the largest financial transaction of our lives, and one which also involved legal contracts. Hire an attorney to protect yourself and ensure smooth sai...
by bberris
Tue Jul 21, 2020 8:58 am
Forum: Investing - Theory, News & General
Topic: Convince me not to sell all my US equities to Cash temporarily
Replies: 110
Views: 7972

Re: Convince me not to sell all my US equities to Cash temporarily

livesoft wrote:
Mon Jul 20, 2020 12:42 pm
Right back at you: Convince me to convince you. LOL!

Somebody should link all the previous posts just like this one. We know how those turned out. :twisted:
I haven't checked, but I believe all of these posts say, "I'm not timing the market. This is how I plan to time the market."
by bberris
Fri Jul 17, 2020 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: did you select your own refinance closing date? pre-paid interest
Replies: 10
Views: 567

Re: did you select your own refinance closing date? pre-paid interest

So you want to eliminate prepaid interest by closing at the end of the month? That means you will pay the interest on the existing loan up to the closing date at your old, higher interest rate, rather than your lower, refinanced interest rate. I can well imagine that a lender would be peeved to have...
by bberris
Fri Jul 17, 2020 7:06 pm
Forum: Personal Investments
Topic: forfeitures in 401k
Replies: 6
Views: 672

Re: forfeitures in 401k

I would stop asking questions of touchy people who can fire you. My guess is that the fees are fixed and forfeitures due to people leaving before vesting do not reduce any fees you pay. It reduces the company's administrative costs in a general sort of way. Administering a 401k is a money losing ope...
by bberris
Thu Jul 16, 2020 11:00 am
Forum: Personal Consumer Issues
Topic: Oddly Difficult to Find Items During the Pandemic
Replies: 169
Views: 11698

Re: Oddly Difficult to Find Items During the Pandemic

Silk McCue wrote:
Thu Jul 16, 2020 9:31 am
Claussen Whole Garlic Dill Pickles

The struggle is real.

Cheers
We're all in this pickle together.
by bberris
Wed Jul 15, 2020 3:31 pm
Forum: Personal Investments
Topic: American Equity indexed annuity -- continue for future payments?
Replies: 12
Views: 497

Re: American Equity indexed annuity -- continue for future payments?

petulant wrote:
Tue Jul 14, 2020 12:16 pm
.....
It's also not clear to me that the product was horrible ....
Yes it was horrible. Compare it to the equivalent: He could have bought bonds and SPX options with the interest. That is what the vendor did, raking 2.65 % from the proceeds.
by bberris
Mon Jul 13, 2020 9:51 pm
Forum: Personal Investments
Topic: TD Ameritrade Money Market Options
Replies: 121
Views: 30280

Re: TD Ameritrade Money Market Options

All the MMFs on TDA are yielding near to zero and I stopped purchasing them. I now purchase whole shares of VGSH and leave the remainder in cash. The above comment applies to my IRAs. In the taxable account, I simply transfer the cash to an online savings account. VGSH has an SEC yield of 0.16 % as...
by bberris
Mon Jul 13, 2020 9:46 pm
Forum: Personal Investments
Topic: American Equity indexed annuity -- continue for future payments?
Replies: 12
Views: 497

Re: American Equity -- continue for future payments?

No fee. But American Equity lists their average spread in their annual report; the company is publicly traded. The spread is the equivalent of an expense ratio; it is the difference between AE's cost of funds and their distribution to the customer. The spread is 2.65 %. It's going to take 5 years to...
by bberris
Sun Jul 12, 2020 5:47 pm
Forum: Personal Consumer Issues
Topic: Visiting dentist during pandemic (still under stay home orders)
Replies: 30
Views: 2459

Re: Visiting dentist during pandemic (still under stay home orders)

I heard that some dentists billed the extra costs of PPE's 100% to their patients instead of cost-sharing. $10 more per visit. I'm confident that the cost to the office is much more than that, especially adding in the time to get suited and changed between patients. According to my dentist biller, ...
by bberris
Sat Jul 11, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Will my credit card be cancelled?
Replies: 11
Views: 1140

Re: Will my credit card be cancelled?

It's not clear from your post, but those charges may not have gone through. In my case, Chase seems to have caught every fraudulent charge (and a few legitimate ones). They really can't blame you, and I suspect that most of these breaches are inside jobs.
by bberris
Wed Jul 08, 2020 7:33 pm
Forum: Personal Consumer Issues
Topic: Buying house without realtors
Replies: 84
Views: 5020

Re: Buying house without realtors

Consult an experienced real estate attorney ^^^ +1 be careful you are entering into a legally binding contract and while I agree that saving that 6% sounds attractive, you have no protection if you do this without an attorney. Except that a real estate salesperson cannot give legal advice unless th...
by bberris
Wed Jul 08, 2020 7:28 pm
Forum: Personal Investments
Topic: Verifying Gold Coins are not counterfeit
Replies: 25
Views: 1575

Re: Verifying Gold Coins are not counterfeit

A long time ago, I bought a $ 2 1/2 gold coin (Sesquicentennial commemorative) with collector's value way more than metal value. It turned out to be counterfeit. I think it was really gold but not genuine.
by bberris
Tue Jul 07, 2020 6:32 am
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 109
Views: 9244

Re: Does it really matter when you claim Social Security

The bigger opportunity lies in using low-income years before starting SS to do withdrawals/Roth conversions of tax-deferred balances at low rates. This can help reduce the exposure of SS to income taxes and mitigate the possibility the surviving spouse faces higher tax rates as a single filer. IMHO...
by bberris
Fri Jul 03, 2020 12:48 pm
Forum: Personal Consumer Issues
Topic: Buying house without realtors
Replies: 84
Views: 5020

Re: Buying house without realtors

I personally would never do this. As a buyer, you don't pay the 6%, the seller does. There is no financial cost to you as a buyer for using a realtor. We bought a home two and a half years ago that seemed simple from the outset. By the time it was done, our realtor, who we've used before and think ...
by bberris
Fri Jul 03, 2020 7:12 am
Forum: Personal Consumer Issues
Topic: How do HD OTA Antennas work?
Replies: 60
Views: 5462

Re: How do HD OTA Antennas work?

An antenna is a wire, so you can't get a wireless antenna. We live in the deep suburbs and the attic antenna works great. The wires are in the walls and the connection to the TV can't be seen behind the wall mounted TV. The cheap way to invisibility is to mount a flat antenna behind the TV. You will...
by bberris
Mon Jun 29, 2020 9:22 am
Forum: Personal Investments
Topic: Sell when company stock vests or wait 1 year?
Replies: 15
Views: 904

Re: Sell when company stock vests or wait 1 year?

New Providence wrote:
Sun Jun 28, 2020 2:14 pm
sailaway wrote:
Sun Jun 28, 2020 11:58 am


Sell immediately and diversify.
Keeping it is a form of diversification. I kept my shares and made 30% return when my co. was acquired.
Congratulations! You gambled and won. But you did not diversify, unless your other investments were in a single, other, stock.
by bberris
Mon Jun 29, 2020 5:49 am
Forum: Personal Investments
Topic: What to do with Home Equity
Replies: 52
Views: 3217

Re: What to do with Home Equity

The biggest tax advantage from house ownership is when it is fully paid off. The deduction for interest paid on a house note is limited; you only get the benefit that exceeds the standard deduction. If you borrow on your house equity, you have to pay tax on the return you get from the investment. If...
by bberris
Sat Jun 27, 2020 7:15 pm
Forum: Personal Consumer Issues
Topic: Solar with battery/tesla wall
Replies: 114
Views: 7812

Re: Solar with battery/tesla wall

Isn't the utility required to purchase your excess electrons? You can use the grid as your battery for free.
by bberris
Sat Jun 27, 2020 1:48 pm
Forum: Personal Investments
Topic: Transferring Inherited funds from another country [Canada to US]
Replies: 12
Views: 717

Re: Transferring Inherited funds from another country

The currency difference means she'll get less US dollars than she has Canadian dollars. But so what? If she wants a big number of dollars, she should transfer from $CAD to Zimbabwe dollars. She'll get about 200 trillion Zimbabwe dollars per $CAD. Confusion results because Canada calls their money "...
by bberris
Sat Jun 27, 2020 8:00 am
Forum: Personal Consumer Issues
Topic: Site unseen offer on House
Replies: 39
Views: 3426

Re: Site unseen offer on House

It's possible they are trying to get a purchase agreement and sell the contract without closing. If they can't find a buyer, they will just bail on the closing using some of the various contingencies; or possibly abandon their earnest money.
by bberris
Sat Jun 27, 2020 5:56 am
Forum: Personal Investments
Topic: How to hold US Dollars without any credit risk?
Replies: 30
Views: 1581

Re: How to hold US Dollars without any credit risk?

Well, this is one of the more bizarre requests I've ever seen. OP wants to own physical currency, but wants someone else to hold it and charge a fee. Why not just get your own fireproof and waterproof safe and stick it in the safest place you can in your house? There is basically zero demand for su...
by bberris
Fri Jun 26, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to Get the Best Deal on a Mortgage
Replies: 9
Views: 1165

Re: How to Get the Best Deal on a Mortgage

A loan application is not a commitment. At that point you don't even know what they are offering you. Your upfront cost will be the appraisal (after you have a purchase agreement), which should be transferable to other lenders. You are entitled to a copy. You will definitely do better by having at l...
by bberris
Thu Jun 25, 2020 9:59 am
Forum: Investing - Theory, News & General
Topic: Study claims active management better than benchmarks
Replies: 30
Views: 3200

Re: Study claims active management better than benchmarks

Some stockpickers are good at picking stocks. The stockpickers themselves benefit; not their mutual fund holders. All the outperformance, and then some, is eaten up with fees.
by bberris
Tue Jun 23, 2020 9:43 pm
Forum: Personal Investments
Topic: Understanding Dividend dates
Replies: 22
Views: 1435

Re: Understanding Dividend dates

You don't need to fret about this. You never really miss out on any money by selling before a dividend date. You don't get the dividend, but you get a higher capital gain. The stock price drops by the amount of the dividend on the ex-dividend date. It literally means that the stock is trading withou...
by bberris
Tue Jun 23, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising to sale price
Replies: 51
Views: 6987

Re: House not apprising to sale price

This is a very helpful thread. My spouse and I made our first offer on a home. The seller wasn’t willing to budge on the price so we walked. Afterward seller states they paid for an appraisal, which appraised the house at the asking price. We still didn’t feel it as worth that. I didn’t realize tha...
by bberris
Tue Jun 23, 2020 6:33 am
Forum: Personal Finance (Not Investing)
Topic: View Refinancing as Bond Investment?
Replies: 11
Views: 520

Re: View Refinancing as Bond Investment?

How will you rebalance your mortgage? This brings up Lincoln's joke (it's an old joke). How many legs does a horse have if you call the tail a leg? Four, calling a tail a leg doesn't make it a leg. You don't need anyone's permission to increase your equity allocation. You decide if you can handle it.
by bberris
Sun Jun 21, 2020 6:52 pm
Forum: Personal Investments
Topic: How to hold US Dollars without any credit risk?
Replies: 30
Views: 1581

Re: How to hold US Dollars without any credit risk?

There isn't any difference between the US defaulting on its debt and defaulting on a dollar bill. In the latter case, the US would say, for example, that they would not accept US currency as valid payment for taxes. US currency is a zero-yield government debt receipt. So even paper money has a credi...
by bberris
Sun Jun 21, 2020 12:24 pm
Forum: Personal Investments
Topic: advice buying stocks in private company
Replies: 27
Views: 1199

Re: advice buying stocks in private company

have been offered a once in a lifetime chance to buy common stock in the LLC, It is interesting that this "once in a lifetime" chance comes during a pandemic when many companies are struggling to survive. Even if they are not disclosing the financials you should have a pretty good idea if the compa...
by bberris
Fri Jun 19, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Margin Interest in an Edward Jones account
Replies: 4
Views: 498

Re: Margin Interest in an Edward Jones account

Margin loan interest is not deductible when it is used to buy tax-free bonds.
There may not have been any payoff at liquidation if the loan was already paid off. Maybe the bonds were bought and paid for a month later. The interest paid would still be reported.
by bberris
Fri Jun 19, 2020 8:34 pm
Forum: Investing - Theory, News & General
Topic: Are all Structured Notes Bad?
Replies: 30
Views: 1735

Re: Are all Structured Notes Bad?

Yea I know the argument it's too complicated so it must be evil but I'm looking for anyone who can go deeper and explain. The payoff profile is in the note and pretty clear, although not as clear as straight VOO. Im not sure about why 2 indicies but I do know they are highly correlated. And it prov...
by bberris
Fri Jun 19, 2020 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Signature strip on credit card
Replies: 73
Views: 5592

Re: Signature strip on credit card

Oh they have strips. I've just never bothered to sign them. It's never been an issue. There is very little checking of the signature in the US, but it’s different in other countries. For example in Europe, where the vast majority of customers use chip+pin cards and don’t sign anything, my signature...
by bberris
Fri Jun 19, 2020 7:10 am
Forum: Personal Investments
Topic: Susie Orman Says You are Crazy to be Investing in Bonds
Replies: 173
Views: 17458

Re: Susie Orman Says You are Crazy to be Investing in Bonds

J G Bankerton wrote:
Fri Jun 19, 2020 12:18 am
newcustomersf wrote:
Thu Jun 18, 2020 7:36 pm
“You have to be crazy, if you ask me, to be in bonds at this point in time.” - Susie Orman
After I saw this I will never listen to a word she says.
How Suze Orman SCAMMED the World
I knew I would find Oprah at the bottom of this pit of evil.
by bberris
Thu Jun 18, 2020 8:08 pm
Forum: Personal Investments
Topic: Your thoughts on a <= 10% allocation to PHYS - Sprott Physical Gold Trust
Replies: 18
Views: 1334

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

Aberdeen Standard Physical Gold Shares is not an ETF. The Aberdeen Standard Gold ETF Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Gold Trust are not subject to the same regulatory...