Search found 519 matches

by Diogenes
Mon Dec 11, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: How easy is it to minimize tax liability yourself without a CPA/accountant?
Replies: 15
Views: 1263

Re: How easy is it to minimize tax liability yourself without a CPA/accountant?

I don't find it too difficult, but I had tax help the first 6-7 years of being self-employed. I feel like I got lucky though, my second guy was awesome! He literally walked me through our tax return (including schedule C) and practically told me how to do my own taxes. While using him, I had worked...
by Diogenes
Wed Dec 06, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: What does Medicare cover for oversea retirees?
Replies: 8
Views: 1100

Re: What does Medicare cover for oversea retirees?

CSR credit card covers transfer back to US and some emergency care. But its for travelers booking with their card. Yes, and it also and a fairly short duration. It’s oriented toward vacationers, not expats. You can buy a global policy from a few providers, Blue Cross Worldwide is one, since Medicar...
by Diogenes
Tue Dec 05, 2017 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering real estate agent costs when selling?
Replies: 34
Views: 2568

Re: Lowering real estate agent costs when selling?

The proliferation of "fee only" real estate agencies is (hopefully) killing off the traditional percentage based commission business. Hopefully 2 or 3 generations from now that old model will be ancient history (sooner would be better). It’s one of the few remaining models that was based on a perce...
by Diogenes
Tue Dec 05, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering real estate agent costs when selling?
Replies: 34
Views: 2568

Re: Lowering real estate agent costs when selling?

Be wary of anyone who tells you that 6% is the going rate or ‘normal’ in your area. Many realtors wish that were so, but it hasn’t been in most places for a long time. Everything is negotiable. There are realtors here that might disagree, but it’s true. That price model has been on life support for ...
by Diogenes
Mon Dec 04, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: Priority Pass- not quite totally useful
Replies: 19
Views: 2055

Re: Priority Pass- not quite totally useful

student wrote:
Sun Dec 03, 2017 11:15 pm


You can now get a digit card. https://thepointsguy.com/2017/11/chase- ... rity-pass/
I wasn’t aware of this, thanks Student! It seems the app must be loaded with the current card info, so I still must get the card in my hands every year first. But still great news!
by Diogenes
Sun Dec 03, 2017 11:10 pm
Forum: Personal Consumer Issues
Topic: Priority Pass- not quite totally useful
Replies: 19
Views: 2055

Re: Priority Pass- not quite totally useful

My experience has been different. Over the last year, I have found PriorityPassSelect indispensable for overseas travel. Also used it in a couple of domestic overseas terminals. It has been one of the best benefits of my Chase Sapphire Reserve card. I have never been asked to leave due to exceeding ...
by Diogenes
Sun Dec 03, 2017 2:09 am
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 40
Views: 4512

Re: personal capital

Looked at Personal Capital a while back. Question: If you give them your passwords and your Vanguard/Schwab/Fidelity/Bank account is hacked due to a breach at PC, who is responsible in the eyes of those financial providers? I seem to remember an out for Schwab in their disclaimers in this instance a...
by Diogenes
Fri Dec 01, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25833

Re: Why not take Social Security at 62

If you started at age 62 with $1,000 a month you would have received $96,000 by age 70. That's a loss of $96,000 if you wait until age 70 to start collecting. How long would it take with the "higher" benefits at age 70 to make up the $96,000 loss? And there's a "health depreciation" factor that nee...
by Diogenes
Thu Nov 30, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: How Do You Stay Current With Music?
Replies: 111
Views: 5116

Re: How Do You Stay Current With Popular Music?

Dumped Spotify awhile back, home and office locations, since they are the only major service who refuse to allow users to filter out explicit content.

Radio Paradise is great, as is Google Play.
by Diogenes
Thu Nov 30, 2017 2:35 am
Forum: Investing - Help with Personal Investments
Topic: Global nomad advice/newbie alert
Replies: 19
Views: 1625

Re: Global nomad advice/newbie alert

Good points. You're right, as my wife is a US citizen, she is supposed to report her foreign income to the IRS, however the threshold for paying tax on this income is quite high (around $100,000) and as far as I am aware, if you owe nothing, they can't pursue it. I will tell her to start filing, bu...
by Diogenes
Tue Nov 28, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to best fund a second home from 401K/IRA??
Replies: 11
Views: 645

Re: How to best fund a second home from 401K/IRA??

What % of funds avail are Roth vs. other tax advantaged accounts? What is your current US Fed Tax bracket? What is your current US taxable income? Do you pay income tax in a foreign country? Currently in the 28% bracket in the U.S.. I have a foreign accountant, but at the moment am not subject to f...
by Diogenes
Tue Nov 28, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to best fund a second home from 401K/IRA??
Replies: 11
Views: 645

Re: How to best fund a second home from 401K/IRA??

What is the reasoning behind keeping the US based house? Don’t feel obligated to share, but with what you shared I’d be inclined to just sell and use the proceeds to fund the new place. It looks like You are adding more complexity than necessary. Mnnice, that would be simpler but DW still is attach...
by Diogenes
Tue Nov 28, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: How to best fund a second home from 401K/IRA??
Replies: 11
Views: 645

Re: How to best fund a second home from 401K/IRA??

What is the reasoning behind keeping the US based house? Don’t feel obligated to share, but with what you shared I’d be inclined to just sell and use the proceeds to fund the new place. It looks like You are adding more complexity than necessary. I would take a hard look at what investment type wou...
by Diogenes
Tue Nov 28, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to best fund a second home from 401K/IRA??
Replies: 11
Views: 645

Re: How to best fund a second home from 401K/IRA??

Can you actually take a 401k loan when you're no longer employed? My understanding was those could only be taken while still employed, and had to be paid back within 90 days after separation. Or does the pension classify you as a "current employee" for plan purposes? You're likely correct about thi...
by Diogenes
Tue Nov 28, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: How to best fund a second home from 401K/IRA??
Replies: 11
Views: 645

Re: How to best fund a second home from 401K/IRA??

Diogenes, I'm close to retirement and am thinking of doing something similar. We're just starting to look at properties and won't pull the trigger until we find exactly what we want. I've also been considering our payment options for the new foreign property. I first want to explore obtaining a mor...
by Diogenes
Tue Nov 28, 2017 7:09 am
Forum: Personal Finance (Not Investing)
Topic: How to best fund a second home from 401K/IRA??
Replies: 11
Views: 645

How to best fund a second home from 401K/IRA??

We are planning to purchase a second home overseas. Not really an investment, it will be a place to live near the sea. Due to the nature of the transaction, we will pay cash. Not considering the currency exchange issues, I could use advice on how to best approach the funding. Here are the details: M...
by Diogenes
Sat Nov 25, 2017 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25833

Re: Why not take Social Security at 62

DrGoogle2017 first point above is what I don't understand either. Do people who are concerned about changes to the SS program think that they will somehow be innoculated against their benefits being reduced if they take them at 62? Or do they think the whole system is going to collapse and no one w...
by Diogenes
Thu Nov 23, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25833

Re: Why not take Social Security at 62

I’m delaying and here are my reasons: 1) I’ve already enough to spend 2) I need the income space for Roth Conversion 3) I’m still in robust health, 2 of my aunts in their 90s are still conscious and walking, and doing some cooking. No one in my family has Alzheimers . One is not on any medicine at ...
by Diogenes
Wed Nov 22, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25833

Re: Why not take Social Security at 62

If I have zero real need for SS in retirement and it's a "bonus" that will just be tossed in the market, then I'll wait until 70 to minimize longevity risk. An 8% annual increase seems massive in this low rate environment, and a larger annuity will provide a lot of safety in old age. If I've been l...
by Diogenes
Tue Nov 21, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25833

Re: Why not take Social Security at 62

Here's a different way to look at the problem: Delay Social Security to age 70 and Spend more money at 62 . It makes a lot of sense. But I don't like the idea of spending MY money down from 62-70, assuming nothing will change in those 8 years with Social Security. This seems to be the key differenc...
by Diogenes
Tue Nov 21, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25833

Re: Why not take Social Security at 62

On one hand I can see the argument that financial advisors don’t want you to spend down your portfolio, if they are managing it. But since most BH’s likely don’t use that type of advisor, it’s probably not an issue. What I find more curious are those that advocate spending down your portfolio first,...
by Diogenes
Mon Nov 20, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer Money from South Africa
Replies: 9
Views: 708

Re: Transfer Money from South Africa

We are looking at opening an account in South Africa as an option, will be there in a month. We have only 5 days to get account open and money transferred if we go this route. So off the airplane and straight to bank and hope it all works out. We closed an account there 3 or 4 years ago so maybe we...
by Diogenes
Fri Nov 10, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8343

Re: $23k credit card emergency

Ursula, welcome to Bogleheads! First, congrats on finding this place and sitting down to write such a complete post. You’re not a “loser” just because you have debt, because you have taken a good step to straighten things out. Don’t think that no one would want to date you just because of this money...
by Diogenes
Tue Nov 07, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for large foreign currency transfer
Replies: 35
Views: 2598

Re: Best option for large foreign currency transfer

Csm, Let us know what advantages they articulate in the presention. They are a small Luxembourg based organization who is trying to grow membership and saving deposits,much the same as a credit union in the U.S. I don’t live in the States, but my caution was about the sales pitch aspect and their sm...
by Diogenes
Tue Nov 07, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for large foreign currency transfer
Replies: 35
Views: 2598

Re: Best option for large foreign currency transfer

I also have an appointment this week with a representative of https://www.amfie.org/en (I am eligible for an account with them). Is anyone familiar with them? When I've queried them for the deposit amount I would receive for a smaller transfer (DKK 100,000) it was actually comparable to TransferWis...
by Diogenes
Sun Nov 05, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for large foreign currency transfer
Replies: 35
Views: 2598

Re: Best option for large foreign currency transfer

I'm familiar with TransferWise and have used them to transfer Danish kroner in amounts of under the equivalent of $10,000 a couple of times. They are efficient, and the exchange rate and fee were reasonable. But I'm wondering if this is the best option for larger sums. So if I understand you are lo...
by Diogenes
Sat Nov 04, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: Telestial phone, JT SIM card , is this good?
Replies: 2
Views: 163

Re: Telestial phone, JT SIM card , is this good?

If you are only passing through as a tourist for a few days, 35c/minute would work for emergency use. But that is very expensive if you are there any longer. Just make sure it will actually work where you are going. T-Mobile advertises a global plan, but it’s actually useless in the country I live i...
by Diogenes
Thu Nov 02, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9513

Re: I'm fairly young but done with saving money

If you are only in your mid-30's and are wondering how long you must work until you can retire, something is wrong. It has nothing to do with money.
by Diogenes
Sun Oct 29, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 92
Views: 5414

Re: Do you subscribe to digital newspapers?

I subscribed to WSJ through the website "dailysubscription." I thought it was a great deal at $139 for two years online subscription. Problem is that 3 times in six months when I log in (actually log in is automatic) I see that I am in fact logged in because my name shows up in upper right corner, ...
by Diogenes
Sun Oct 29, 2017 1:04 am
Forum: Investing - Help with Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 50
Views: 3892

Re: Start TSP disbursements and delay social security -- or the other way around?

+1, and refreshingly apolitical. I don't consider my future SS payments or Medicare for that matter to be a "government entitlement" as my wife and I, along with our employers have paid in over 500k in FICA and Medicare taxes during over 95 years of combined labor. There is nothing political at all...
by Diogenes
Sun Oct 29, 2017 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 50
Views: 3892

Re: Start TSP disbursements and delay social security -- or the other way around?

You need to look at the bigger picture. It isn't just about when you pay the taxes, but how much they will be. If you defer Social Security (SS) from 66 -> 70 and use tax-deferred income there are several beneficial effects on taxes and other costs. All of this has been alluded to in previous posts...
by Diogenes
Sat Oct 28, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 50
Views: 3892

Re: Start TSP disbursements and delay social security -- or the other way around?

The concept involved in spending your own money first, from your IRA/401K/TSP, etc to reduce the balance and thus avoid future taxes seems inherently flawed. It's good for the government, they get your taxes sooner rather than later, but bad for your surviving spouse and heirs. It leans on the premi...
by Diogenes
Thu Oct 26, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Expat mail forwarding mechanics
Replies: 7
Views: 982

Re: Expat mail forwarding mechanics

I lived overseas for a few years pre-public-internet, and used a Mailboxes Etc store selected to be near a helpful relative to receive mail, which relative would collect, filter, and forward to me every week or two. It was also a useful way to preserve a US address; I officially lived in a "suite" ...
by Diogenes
Mon Oct 23, 2017 11:15 pm
Forum: Personal Consumer Issues
Topic: Expat mail forwarding mechanics
Replies: 7
Views: 982

Re: Expat mail forwarding mechanics

There is really no need to actually have a service that physically forwards the mail. These days the scan to email services work well. I’ve been using TravelingMailbox for some time and am pleased with the service. Even on occasion when I have received an unexpected check in the mail, with their gre...
by Diogenes
Sun Oct 22, 2017 1:46 am
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 92
Views: 5414

Re: Do you subscribe to digital newspapers?

I enjoy the FT also, but usually only read it when they hand it out on airplanes. Yes, it's old-school, but there is a place for the feel of a good newspaper. In the U.S. probably only the WSJ fits that, but it's not convenient to have it delivered since I'm an expat most of the time. I second the i...
by Diogenes
Fri Oct 20, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 175
Views: 18120

Re: Does anyone here with net worths north of $1 mil use financial advisors?

What if he charges flat fee, comparable to AUM fees of 0.1% and prefers DFA funds Vanguard bond funds and bounce off things Totally new to AA That doesn't sound terrible. DFA funds have pretty much tracked their corresponding indices (See https://www.wsj.com/articles/dfa-funds-are-booming-but-that-...
by Diogenes
Wed Oct 11, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: Wifi Thermostat
Replies: 55
Views: 4082

Re: Wifi Thermostat

I'll add to the recommendations for the Ecobee. I had one installed in a house I don't live in 6-8 months of the year and it has been trouble free. Even paid for itself once when it notified me via email that the temperature had dropped too low in the Winter. Furnace broke. But without it I wouldn't...
by Diogenes
Fri Oct 06, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6319

Re: Question About Long Term Care

We currently have 5% compound inflation, so in 20 years when I will be 83 (about the time my mom went on claim), we'll each have a daily $527 benefit or annual benefit of $192,355, and policy benefit each of $961,775. Total benefit of $1,923,550 for the total 10 years. I can, at anniversary, reduce...
by Diogenes
Thu Oct 05, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6319

Re: Question About Long Term Care

I think LTCi has been confused for a way to fund long term care as opposed to fund a low probability event yet very high cost case of needing long term care (where assets may be depleted). If long term care becomes a high probability need then premiums must go up. There is no free lunch. True. But ...
by Diogenes
Thu Oct 05, 2017 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6319

Re: Question About Long Term Care

Is there really anyone who buys a product, "prepared" for the price to later double? Why would you? Are there any BH's who have actually done so in the past 5 years or so? Any recent purchasers of a non-subsidized LTCI product? Curious about the calculation of the _buyers_. Maybe I'm missing somethi...
by Diogenes
Mon Oct 02, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6319

Re: Question About Long Term Care

Rate increases and lack of lifetime coverage is the reason the asset based policies are gaining traction. You are are an insurance salesman, correct? Could you comment on what the average commission is when you sell a LTCI product? Also, it would be useful to know the largest companies who still wr...
by Diogenes
Sun Oct 01, 2017 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6319

Re: Question About Long Term Care

An insurance agent who sells these policies will of course see the 'benefit'. Most others don't in today's structure. Granted, insurance companies are not welfare agencies, they're it it for the money, as are insurance salesmen. But the use of fear to try to squeeze $150k from someone, knowing you w...
by Diogenes
Sun Oct 01, 2017 12:53 am
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7976

Re: 3 stages of Financial Independence

Good list, but I would slightly modify what Timelord mentioned about there being a 'Number 4.' We can't ignore it. If the first three are Sufficiency, Comfort, and Abundance, then we must address the OMY situation as: 4. Failure to Accept — You have achieved option three, but are not convinced, or a...
by Diogenes
Fri Sep 29, 2017 11:03 pm
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7947

Re: What will happen if I refuse to pay a medical bill?

Sounds like you have a not-so-great insurance plan, and that you didn't properly check with them to determine if he was actually a covered provider. Why take it out on the Doctor? You received the service, correct? Ask the office for their cash price and explain it to them nicely. Then pay it and mo...
by Diogenes
Mon Sep 25, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner
Replies: 20
Views: 1292

Re: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner

I thought the limit for gifts to spouse that are non-citizen is $149,000. I would suggest the OP see a very good accountant because this is very complicated. That's the annual gift limit. The OP is talking about using up his unified estate/gift tax amount of currently $5.5M. Gifts over the annual a...
by Diogenes
Mon Sep 25, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: IRA or SS First
Replies: 8
Views: 914

Re: IRA or SS First

Of course you will pay Federal tax on both anyway, so the difference in the State tax probably shouldn't be a deciding factor. If you haven't already tried some of the calculators out there, do so. There are other variables. MaximizeMySocialSecurity is one very good one, although it is I think $40/y...
by Diogenes
Thu Sep 07, 2017 9:58 pm
Forum: Personal Consumer Issues
Topic: Wanting a Portable Auto GPS
Replies: 65
Views: 3950

Re: Wanting a Portable Auto GPS

Still, the most trouble free for many is a simple $100 Garmin to leave in each vehicle and you're done. My wife uses it and would never use Waze or Sygic and download maps, etc. No need to worry about it we have the right maps, or the app running in the background running down the battery. A Sygic m...
by Diogenes
Mon Sep 04, 2017 11:54 pm
Forum: Personal Consumer Issues
Topic: Wanting a Portable Auto GPS
Replies: 65
Views: 3950

Re: Wanting a Portable Auto GPS

If you travel frequently to Europe and drive while there, get the Garmin with lifetime EU and U.S. updates. Very handy to quickly hit the ground running when inevitably your phone will not function on the local network or you haven't had a chance to pick up a sim. Much more dependable in spotty area...
by Diogenes
Fri Sep 01, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 50
Views: 3892

Re: Start TSP disbursements and delay social security -- or the other way around?

Where else will you get a guaranteed 8% return, on COLAed income? Not enough information here to be certain (TSP balances, expenses, other savings) but it almost always pays to delay SS. Tapping TSP earlier will reduce RMDs as well. Do you want $1500/month each now, or $2000/month each in 4 years? ...