Search found 800 matches

by bberris
Fri Jan 19, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Federal tax estimator that includes Social Security income?
Replies: 14
Views: 1382

Re: Federal tax estimator that includes Social Security income?

Taxact's tax calculator (under the "Next Year" tab) does that, but so far has not been updated with 2018 tax rates and brackets. Thanks, that's what I was looking for. I guess I'll have to wait until they update it. Resuscitating this old thread to report that Taxact has suspended the tax calculato...
by bberris
Wed Jan 17, 2018 8:08 am
Forum: Investing - Theory, News & General
Topic: Amount of Treasury Bonds to Double -- Does Supply/Demand Apply Here?
Replies: 4
Views: 681

Re: Amount of Treasury Bonds to Double -- Does Supply/Demand Apply Here?

Supply and demand always applies. The thing with government bonds is, that the demand increases with the supply. Deficit spending puts money in checking accounts, and some will have to find its way to earn safe returns in the bond market.
by bberris
Mon Jan 15, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: neighborhood advice for Prague, Vienna, Budapest, and Athens
Replies: 11
Views: 618

Re: neighborhood advice for Prague, Vienna, Budapest, and Athens

The Plaka neighborhood of Athens is too touristy for me. Plenty to do and see around the Monastiraki station.
by bberris
Sun Jan 14, 2018 2:37 pm
Forum: Personal Consumer Issues
Topic: where does one buy "health insurance" in the USA?
Replies: 17
Views: 1090

Re: where does one buy "health insurance" in the USA?

Opening the yellow pages and just calling insurance companies is not stupid as buying a private plan may indeed by her option. Gathering information now is a good idea. I am not personally familiar with the criteria for ACA eligibility, but surely that information is out there. It is a fact that th...
by bberris
Sat Jan 13, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: COBRA alternative for 1 month? (it's $2,400 per month!)
Replies: 69
Views: 3315

Re: COBRA alternative for 1 month? (it's $2,400 per month!)

The past two months. It's retroactive. You can't skip a month or two and then start it. If you elect COBRA, it is continuous coverage from the qualifying event.
by bberris
Sat Jan 13, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: COBRA alternative for 1 month? (it's $2,400 per month!)
Replies: 69
Views: 3315

Re: COBRA alternative for 1 month? (it's $2,400 per month!)

You have 60 days after the qualifying event (quitting your job) to claim and pay for cobra insurance. if you are in the emergency room, the first thing they ask is where you fell! You tell them you are going on your employers insurance as soon as you get around to it. They must treat you in an emerg...
by bberris
Fri Jan 12, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Limit
Replies: 6
Views: 549

Re: HSA Contribution Limit

Tycoon wrote:
Fri Jan 12, 2018 8:31 pm
Can't one add $1000 more if 55 or older?
And if two are 55 or older two can add $1000 each.
by bberris
Fri Jan 12, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: 401k loan vs selling taxable
Replies: 9
Views: 502

Re: 401k loan vs selling taxable

ERISA Stone wrote:
Thu Jan 11, 2018 10:18 pm
Allowing 401k loans to terminated participants? :shock: I'm glad you have the option but I'm having trouble fathoming a plan sponsor allowing this in a plan.
What's the problem? The sponsor is not at risk.
by bberris
Fri Jan 12, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Underwater 4-5k in vehicle.
Replies: 29
Views: 1696

Re: Underwater 4-5k in vehicle.

Craigslist legitimate listings are in the huge majority. That doesn't mean let your guard down, but the few scams are obvious: Toyota or Honda way under value, offers over asking price, ...
by bberris
Thu Jan 11, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: 401k loan vs selling taxable
Replies: 9
Views: 502

Re: 401k loan vs selling taxable

Is the capital gain that significant just to raise a downpayment? You will have to pay capital gains tax eventually, unless you can wait until your income is ever low enough to have 0 % gains. Have you thought about getting a margin or asset based loan? This might cause you to have problems qualifyi...
by bberris
Thu Jan 11, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 4668

Re: Car accident - was directed to sign release

Why are you dealing with the other party's insurance company? You should have your insurance company represent you (that's what they are "hired" by you to do) Not really. They represent you if someone makes a claim against you, not when you have a claim against someone else. If the insurance compan...
by bberris
Wed Jan 10, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Cobra plans and insurance gap
Replies: 7
Views: 429

Re: Cobra plans and insurance gap

It's true. You can wait to see if you have any medical expenses that insurance would have paid. If it's more than the premium, you can backdate your health insurance to the date you were uncovered, up to 60 days.
by bberris
Wed Jan 10, 2018 8:36 am
Forum: Investing - Theory, News & General
Topic: dividend date
Replies: 9
Views: 595

Re: dividend date

@ketanco, may I ask why should it matter if you get the dividend or not? ... I think it was over at Seeking Alpha some wag commented that getting a dividend was like moving bucks from one pocket to the other. No wealth is created, but DGI people think they are getting rich. He said that dividend in...
by bberris
Sun Jan 07, 2018 10:10 am
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 5705

Re: Misuse of adverse when averse was meant

If this bothers you, I can tell you the future is bleak. My temp retirement job is scoring essay tests. I thought I knew how to do that, but the rubric is something else. We are instructed to ignore spelling and usage errors, as long as the meaning is clear. A committee of teachers decides how these...
by bberris
Thu Jan 04, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Obtaining a Mortgage After Retirement
Replies: 7
Views: 755

Re: Obtaining a Mortgage After Retirement

We qualified for a mortgage that was 50 % of pension income, with a substantial down payment. Our lender, and one other that I approached, would not consider retirement account potential income, unless we were actually drawing a regular check. But I have heard that some lenders will consider retirem...
by bberris
Thu Jan 04, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Cryptocurrency Exit Strategy
Replies: 52
Views: 4447

Re: Cryptocurrency Exit Strategy

First of all sell before it ever gets to zero because it may be more difficult to write it off as a capital loss if its valued at .0000001 but there is no bid because in the IRS eyes its still not worthless yet. Second sell at the peak. To avoid the "First of all..." problem, only buy cryptos that ...
by bberris
Wed Jan 03, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security at age 62 perhaps?
Replies: 57
Views: 4896

Re: Social Security at age 62 perhaps?

reggiesimpson wrote:
Tue Jan 02, 2018 6:25 pm
I have never been able to figure out the date of my death. So I took SS at 62.
Me neither. That's why I'm waiting til 70.
by bberris
Wed Jan 03, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust - Will
Replies: 55
Views: 4069

Re: Living Trust - Will

Regarding the living will, or medical directive, you really don't have anything to worry about as far as a doctor "pulling the plug" early. If anything, they may resist the do-not-resuscitate directive, especially in emergency rooms, where they understandably act on reflex and habit. If you are in c...
by bberris
Mon Jan 01, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Sunset 2025 - Roth vs Traditional
Replies: 84
Views: 6751

Re: Tax Law Sunset 2025 - Roth vs Traditional

As the policy of the forum is to only evaluate financial decisions based upon actual current tax law, I would assume this would mean when evaluating Roth vs Traditional, for those retiring beyond 2025 the applicable comparison will be today's lower rates vs higher income tax rates in retirement? Gi...
by bberris
Mon Jan 01, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Cheapest Tender Offer Broker?
Replies: 6
Views: 604

Re: Cheapest Tender Offer Broker?

Appreciate the responses. And thanks for the Interactive Brokers tip. I was too cavalier when I said "easy money." What I'm looking to do is buy an odd lot of shares that are being repurchased, either with a fixed price or via a dutch auction. Definitely agree there are risks involved. But there ar...
by bberris
Mon Jan 01, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: Tax Law Sunset 2025 - Roth vs Traditional
Replies: 84
Views: 6751

Re: Tax Law Sunset 2025 - Roth vs Traditional

As the policy of the forum is to only evaluate financial decisions based upon actual current tax law, I would assume this would mean when evaluating Roth vs Traditional, for those retiring beyond 2025 the applicable comparison will be today's lower rates vs higher income tax rates in retirement? Gi...
by bberris
Fri Dec 29, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Question about HSA Contribution
Replies: 5
Views: 324

Re: Question about HSA Contribution

Having two insurance plans is a case of "more is less". You have two fullfil both deductibles before they pay. There is no extra benefit since they coordinate claims.

You are better off now with only one
by bberris
Tue Dec 26, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 64
Views: 6232

Re: Do any of you follow Bob Brinker?

BaylorBears wrote:
Sat Dec 23, 2017 11:26 pm
For how long? Thoughts in general?

I noticed his market timer didn't sell in 2008 which is concerning.
You mean he is fallible? Then I'm not following him!
by bberris
Mon Dec 25, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: What's in a name? "Long Island Iced Tea Corp." changes name to "Long Blockchain Corp.", stock price jumps 500%
Replies: 24
Views: 3480

Re: What's in a name? "Long Island Iced Tea Corp." changes name to "Long Blockchain Corp.", stock price jumps 500%

wbrianwhite wrote:
Sun Dec 24, 2017 8:32 pm
I totally get this.

Steps
1 - drink long island iced teas
2 - put out a hilarious press release saying you're getting into Bitcoin.
3 - ???
4 - profit!
The funny thing is Long Island Iced Tea didn't even make the famous cocktail. It was just some fruity tea.
by bberris
Sun Dec 24, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Federal tax estimator that includes Social Security income?
Replies: 14
Views: 1382

Re: Federal tax estimator that includes Social Security income?

Taxact's tax calculator (under the "Next Year" tab) does that, but so far has not been updated with 2018 tax rates and brackets.
by bberris
Sat Dec 23, 2017 7:48 pm
Forum: Personal Consumer Issues
Topic: European Cities that don't interest you
Replies: 187
Views: 11766

Re: European Cities that don't interest you

I disliked Munich. If you don't like beer (which I don't), the city has fairly little to offer. Florence also isn't terribly interesting if you're not interested in art. An alternative to Munich, close to the airport is Freising. There is beer, and what they claim is the oldest brewery. Beautiful, ...
by bberris
Sat Dec 23, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: International Funds in taxable with new tax law
Replies: 3
Views: 784

Re: International Funds in taxable with new tax law

Since there is no change in the relevant tax law, you still get the foreign tax credit only in taxable accounts. You lose the tax paid on your behalf in IRAs.
by bberris
Sat Dec 23, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Cheapest Tender Offer Broker?
Replies: 6
Views: 604

Re: Cheapest Tender Offer Broker?

What is the cheapest broker for tender offers? I'm a retail investor, and tender offers are pretty easy money if you do them right. But the costs are crazy. I think Merrill Edge is $29.95/transaction, Fidelity charges $38 etc. You basically need to be buying hundreds or thousands of dollars of stoc...
by bberris
Fri Dec 22, 2017 9:25 am
Forum: Investing - Theory, News & General
Topic: What's in a name? "Long Island Iced Tea Corp." changes name to "Long Blockchain Corp.", stock price jumps 500%
Replies: 24
Views: 3480

Re: What's in a name? "Long Island Iced Tea Corp." changes name to "Long Blockchain Corp.", stock price jumps 500%

Can we short it? :P I guess you are joking but I'll take you seriously in case someone else is tempted. You might want to look at the thread where a guy was short a worthless stock. Hurray! But he can't cover because the shares are halted and he is paying 100 % borrow fee. There was also the episod...
by bberris
Thu Dec 21, 2017 10:14 pm
Forum: Investing - Theory, News & General
Topic: What's in a name? "Long Island Iced Tea Corp." changes name to "Long Blockchain Corp.", stock price jumps 500%
Replies: 24
Views: 3480

Re: What's in a name? "Long Island Iced Tea Corp." changes name to "Long Blockchain Corp.", stock price jumps 500%

Before you think these stories are simply the madness of crowds, consider another possibility. While the name change is a cover story, a penny stock is manipulated with wash trades between the team, giving a flashy price rise and generating volume. It's the same old story, all that's changed is the ...
by bberris
Tue Dec 19, 2017 4:50 pm
Forum: Investing - Theory, News & General
Topic: Is it worth investing with 15% LTCG tax rate!?
Replies: 25
Views: 2706

Re: Is it worth investing with 15% LTCG tax rate!?

It's very likely you will be paying a higher tax on your 401k withdrawals. Dividends are also taxed at 15 %. That only applies to fed. Most states with income taxes you would pay the full rate on gains.
by bberris
Tue Dec 19, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Amortization Tools
Replies: 5
Views: 494

Re: Mortgage Amortization Tools

Abe wrote:
Tue Dec 19, 2017 1:59 pm
How does it work? I can't get it to accept inputs.
Where it says "Click Here to Make Your Own Copy", click there to make your own copy.
by bberris
Tue Dec 19, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest Tax Software For Multiple State Filing
Replies: 2
Views: 336

Re: Cheapest Tax Software For Multiple State Filing

Louisiana for one, and some other states have their own, free, on-line filing, including part year resident support. LA has a simple form that starts with federal numbers and adjusts.
by bberris
Mon Dec 18, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Identity Theft - Social Security Claim & Green Dot Bank Debit
Replies: 13
Views: 1345

Re: Identity Theft - Social Security Claim & Green Dot Bank Debit

Seriously? A Green Dot Debit card? The government wants to make fraud so easy, that they become active participants. They might as well leave cash in a box on the curb.
by bberris
Sat Dec 16, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Owning vs Renting -- A thought on taxes and returns
Replies: 13
Views: 1587

Re: Owning vs Renting -- A thought on taxes and returns

You have to pay taxes on the inflation portion of capital gains in all other investments. While the real return of houses may be small, the inflation-included gain is much larger. You can also leverage housing in a safer mode (no margin call) than with stocks and bonds. That juices your returns. Tha...
by bberris
Fri Dec 15, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Scottrade wrong IRA distribution
Replies: 9
Views: 675

Re: Scottrade wrong IRA distribution

Probably reported as a rollover. Since less than 60 days passed before the redeposit, there will be no tax. The only consequence would be that you cannot do another rollover for 12 months.
by bberris
Fri Dec 15, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Employer incorrectly withheld FICA for 2014-2015, do I need to refile?
Replies: 2
Views: 340

Re: Employer incorrectly withheld FICA for 2014-2015, do I need to refile?

In 2014, if you made less than 117 K you paid $76.50 too much fica tax on $1000. If you made more than that, $14.50.
Why would you not consent? You don't need to file an amended return yourself because your taxable (income) did not change. You already pay income tax on your fica tax.
by bberris
Thu Dec 14, 2017 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Contributing to a HSA after retirement
Replies: 5
Views: 665

Re: Contributing to a HSA after retirement

Unlike an IRA, you don't need earned income to contribute to an HSA. You can even contribute the money you took out of the HSA, and if you use the withdrawals for qualified medical, dental and vision they are tax free. I use it to the maximum every year, and boost the contribution by 1,000 in my spo...
by bberris
Thu Dec 14, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 5231

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

This is gambling. It is compulsive and thrill seeking behavior. It is not investing. Until you are willing to accept this nobody here can help you. This is true. The problem is I was a math major so can prove why one should avoid casinos, but this S&P bet seemed certain to have a positive expected ...
by bberris
Thu Dec 14, 2017 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 2787

Re: Edward Jones Guided Solutions - Spouse is Employee

The only logical solution is for your wife to get another job. Admin Assistants are in demand and this shouldn’t be a problem. This suggestion appears frequently in this thread, and maybe it's sarcasm or a little joke. I find it an extreme solution to a little problem, especially if the invested ba...
by bberris
Thu Dec 14, 2017 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 2787

Re: Edward Jones Guided Solutions - Spouse is Employee

If she likes the job and it pays well chances are the benefits of her working there will outweigh the 1-2% you lose in returns....in the short term. If we are talking 20 years that is another story. I guess i have a hard time how an employer could legally prohibit an employee’s spouse from going an...
by bberris
Wed Dec 13, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: "Vectors"
Replies: 5
Views: 1107

Re: "Vectors"

The report gives short shrift to real estate. He ignores "dividends" to obtain an 0.8 % real return. If you own the house you live in, the dividends are virtually received (tax-free!) in the rent you don't pay. Returns are further enhanced by shorting the dollar in the form of a loan. When you rent ...
by bberris
Wed Dec 13, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: Nitrate-N level in well 16 mg/l vs EPA limit 10 mg/l
Replies: 7
Views: 798

Re: Nitrate-N level in well 16 mg/l vs EPA limit 10 mg/l

I doubt that that level would do you harm. Ask your doctor if you have some health issue. Nitrate is an essential nutrient and is found in lots of vegetables. Bottled water might end up cheaper than whole house water treatment or drilling a new well if it puts your mind at ease..
by bberris
Tue Dec 12, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: Purchasing Airline Tickets
Replies: 31
Views: 2571

Re: Purchasing Airline Tickets

Bigfish wrote:
Tue Dec 12, 2017 10:08 am
The price is $564 each on Virgin Atlantic non stop and we are flying out of Boston. I only look for non stop flights flying into London it's worth it to me to pay a little extra and avoid the 1-2 stops.
Oh my, that is a good enough deal. Grab it now.
by bberris
Tue Dec 12, 2017 7:24 am
Forum: Personal Consumer Issues
Topic: Purchasing Airline Tickets
Replies: 31
Views: 2571

Re: Purchasing Airline Tickets

I think you are way too early. Eight weeks ahead should be enough. One way to tell is to look at the fare calendar on google flights. I think you will see that some close in dates are high and some low, while far out dates are all the same and on the high end. Of course summer fares are the highest ...
by bberris
Mon Dec 11, 2017 8:35 pm
Forum: Personal Consumer Issues
Topic: Virtual Mailbox / Mail Scan Service
Replies: 12
Views: 1039

Re: Virtual Mailbox / Mail Scan Service

Have you looked at the full consequences of having a California address? California has a very assertive tax collection bureau. Even if you wouldn't owe any taxes, you may find yourself spending a few hours each year convincing the state of California that you do not owe any taxes. A California add...
by bberris
Sun Dec 10, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: IRS Rule of 55 vs. 72(t) Distribution
Replies: 8
Views: 954

Re: IRS Rule of 55 vs. 72(t) Distribution

Rule 55 has a Catch 22. Merrill would not let me make partial withdrawals from a 401k. Your sponsor might or might not.
by bberris
Thu Dec 07, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6940

Re: Bitcoin now the largest quantifiable bubble in history?

Wakefield1 wrote:
Thu Dec 07, 2017 2:49 pm
"How high can it go?" asks the newspaper article:
Is the answer "as high as buyers are willing to pay"?
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