Search found 1409 matches

by EddyB
Tue Sep 22, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: In-network provider refusing service if we use insurance
Replies: 122
Views: 6516

Re: In-network provider refusing service if we use insurance

2 things I think of right of the bat: The doctor's PRP machine "unfortunately" breaks the morning of the procedure. "We'll call you when is fixed." The doctor's office can intentionally code the procedure so it would not be covered. "Revised diagnosis." And OP could potentially be on the hook for t...
by EddyB
Sat Sep 19, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 20706

Re: Preparing for retirement in mid 30s

This thread can be summed up best as “How much money do you need to live like your broke the rest of your life?” There is a whole forum dedicated to that over on MMM. :happy Broke peole don't spend $45k per year... Once you include health care costs and note that SS is essentially $0, what else do ...
by EddyB
Fri Sep 18, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 20706

Re: Preparing for retirement in mid 30s

Did you work at least 10 full years to qualify for social security benefits? Yes. According to ssa.tools I will receive 22k/yr at normal retirement age (67) if I retire today. I think my wife would get to claim half this amount (not sure), so that would add another 11k/yr. We are not counting on th...
by EddyB
Fri Sep 18, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 20706

Re: Preparing for retirement in mid 30s

Did you work at least 10 full years to qualify for social security benefits? Yes. According to ssa.tools I will receive 22k/yr at normal retirement age (67) if I retire today. I think my wife would get to claim half this amount (not sure), so that would add another 11k/yr. We are not counting on th...
by EddyB
Thu Sep 17, 2020 4:49 pm
Forum: Non-US Investing
Topic: US expats: Moving from non-EU country to EU, getting locked out from US ETFs, esp. with IBKR
Replies: 31
Views: 1638

Re: US expats: Moving from non-EU country to EU, getting locked out from US ETFs, esp. with IBKR

The whole PFIC/PRIIPs/FATCA situation is just so utterly dumb. That US expats get left with no good investment option because there isn't a factsheet in the correct format makes no sense. So it would be totally fine for me to trade Tesla on margin daily without any information, but I can't buy-and-...
by EddyB
Thu Sep 17, 2020 3:22 pm
Forum: Personal Consumer Issues
Topic: Gravel Bike Recommendation
Replies: 98
Views: 5709

Re: Gravel Bike Recommendation

not a fan of Sram...have you ever ridden a double-tap? basically one push for shifting up, and 2 pushes for shifting down (or vice versa). Shimano's system is more intuitive, and lets you shift 2-3 gears at a time in either direction. Local shop let me try SRAM on a bikeX Double tap stuff was hard ...
by EddyB
Thu Sep 17, 2020 1:24 pm
Forum: Personal Consumer Issues
Topic: Gravel Bike Recommendation
Replies: 98
Views: 5709

Re: Gravel Bike Recommendation

not a fan of Sram...have you ever ridden a double-tap? basically one push for shifting up, and 2 pushes for shifting down (or vice versa). Shimano's system is more intuitive, and lets you shift 2-3 gears at a time in either direction. Local shop let me try SRAM on a bikeX Double tap stuff was hard ...
by EddyB
Fri Sep 11, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14385

Re: Paying off sub 4% mortgage interest rate early

Is anyone who has a sub 4% fixed mortgage interest rate paying it off aggressively early? If you are, why? I don't quite qualify, but I had 12 years left on an exactly 4% mortgage on a rental property that I decided to pay off at the end of August. The bond portion of my portfolio allocation was ne...
by EddyB
Fri Sep 04, 2020 10:11 pm
Forum: Investing - Theory, News & General
Topic: How do you *say* "ERISA"
Replies: 37
Views: 2122

Re: How do you *say* "ERISA"

mindboggling wrote: Fri Sep 04, 2020 9:57 pm Just the way it looks: er-ee-sa
Of the dozens of tax and benefits lawyers I’ve heard say it, none have used an English long e sound in the middle; always something that sounds like “eh/uh-ris-uh” or “ehr/uhr-is-uh”.
by EddyB
Wed Sep 02, 2020 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford to intentionally go backward in compensation?
Replies: 67
Views: 4998

Re: Can I afford to intentionally go backward in compensation?

Can you? Maybe. Should you? Absolutely not. After you drop in compensation, you may never get back to the $225-$250k you earn now. Suck it up for another five years. Then, go work for a non-profit after you're closer to being able to FIRE. Really? Worst case, they would be anticipating $330k in inc...
by EddyB
Wed Sep 02, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford to intentionally go backward in compensation?
Replies: 67
Views: 4998

Re: Can I afford to intentionally go backward in compensation?

Can you? Maybe. Should you? Absolutely not. After you drop in compensation, you may never get back to the $225-$250k you earn now. Suck it up for another five years. Then, go work for a non-profit after you're closer to being able to FIRE. Really? Worst case, they would be anticipating $330k in inc...
by EddyB
Tue Sep 01, 2020 11:49 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21875

Re: Winklevoss: The Case for $500,000 Bitcoin

Anon9001 wrote: Sun Aug 30, 2020 10:37 am The over-confidence they show in relation to this asset and how it will play out is quite astonishing.
That you seem to think this applies to only side of this fight is hilarious!
by EddyB
Tue Sep 01, 2020 3:06 pm
Forum: Investing - Theory, News & General
Topic: Investors Were Warned.
Replies: 171
Views: 14305

Re: Investors Were Warned.

Just amazing to me how many tilters are upset that Taylor is recommending yet again a simple total-market portfolio. Dear tilters, The advice to buy and hold a single total-market fund is the single best piece of investing advice one can possibly give and one can possibly receive. Period. You may t...
by EddyB
Tue Sep 01, 2020 1:41 pm
Forum: Investing - Theory, News & General
Topic: Investors Were Warned.
Replies: 171
Views: 14305

Re: Investors Were Warned.

Just amazing to me how many tilters are upset that Taylor is recommending yet again a simple total-market portfolio. Dear tilters, The advice to buy and hold a single total-market fund is the single best piece of investing advice one can possibly give and one can possibly receive. Period. You may t...
by EddyB
Tue Sep 01, 2020 12:19 pm
Forum: Personal Consumer Issues
Topic: Have any BHs reduced spending to retire sooner?
Replies: 34
Views: 1502

Re: Have any BHs reduced spending to retire sooner?

We fully expect to cut spending significantly, as we will be returning to a lifestyle that we enjoyed, but was not compatible with changing work conditions. However, we don't know how long we will want that lifestyle, so we continue to pad the kitty until we reach enough for our current lifestyle. ...
by EddyB
Mon Aug 31, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: Investors Were Warned.
Replies: 171
Views: 14305

Re: Investors Were Warned.

I suppose Taylor will give us an accounting of any of his (and the other sources quoted here) warning or advice that hasn’t panned out, too? Or is this to suggest there have been none?
by EddyB
Sun Aug 30, 2020 9:54 pm
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 259
Views: 27459

Re: The “Abandon Bonds” strategy

Futures market is pricing in negative rates, and this guy thinks cash will not lose nominal value? I'm not sure you know what nominal means. I guarantee cash will not lose nominal value, as that is the very definition of cash. Hi Superinvestor: Nothing wrong with learning Nominal return is the retu...
by EddyB
Sat Aug 29, 2020 4:03 pm
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11787

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

...I have lost money on it... Over what time period, exactly, have you lost money on it? (And I hope you are looking at total return and not price per share). Bonds are not bank accounts. This is an intermediate-term bond fund with a duration of 6.48 years. As such, you should be looking at holding...
by EddyB
Sat Aug 29, 2020 9:03 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21875

Re: Winklevoss: The Case for $500,000 Bitcoin

reading this thread and many others on bitcoin on bogleheads forum is disheartening because it shows that many of the smart people here are either close minded, stubborn in their ways, or just not thorough in their thinking about bitcoin. this is fine because it means more time to accumulate withou...
by EddyB
Fri Aug 28, 2020 3:41 pm
Forum: Investing - Theory, News & General
Topic: SEC adds sophistication to list of accredited investor types
Replies: 31
Views: 3093

Re: SEC adds sophistication to list of accredited investor types

Getting into the right private equity deals could mean a $100M SEP-IRA. Pretty hard to do that with index funds. Hopefully a Roth. Unfortunately not. Someone who could do that I doubt qualifies to contribute to Roth. https://www.theatlantic.com/politics/archive/2012/09/whats-really-going-on-with-mi...
by EddyB
Fri Aug 28, 2020 2:34 pm
Forum: Investing - Theory, News & General
Topic: SEC adds sophistication to list of accredited investor types
Replies: 31
Views: 3093

Re: SEC adds sophistication to list of accredited investor types

7eight9 wrote: Fri Aug 28, 2020 2:15 pm Getting into the right private equity deals could mean a $100M SEP-IRA. Pretty hard to do that with index funds.
Hopefully a Roth.
by EddyB
Fri Aug 28, 2020 12:49 pm
Forum: Investing - Theory, News & General
Topic: Why is Apple doing a stock split?
Replies: 35
Views: 3132

Re: Why is Apple doing a stock split?

For a company that has had a history of share buybacks (as recent as last year), what are they gaining by doing a 4:1 split? Seems like this would undo all the things that were accomplished by the buybacks in the 1st place :oops: Other than the raw numeric issue of the number of shares outstanding,...
by EddyB
Thu Aug 27, 2020 2:15 pm
Forum: Investing - Theory, News & General
Topic: Fed wants inflation
Replies: 30
Views: 2968

Re: Fed wants inflation

Translation - "Sorry Gen Z - you missed the boat on owning assets. Better hope you are a getting an inheritance or are going to make over $250k/yr or you are sunk." But don't worry you also won't get your social security benefits you paid in for 30 years when you retire so there's that. Based on wh...
by EddyB
Thu Aug 27, 2020 9:45 am
Forum: Personal Consumer Issues
Topic: library ebooks not available for kindle?
Replies: 20
Views: 1335

Re: library ebooks not available for kindle?

Does anyone know if in fact ebook format can be converted to kindle? Google says yes: https://www.pcworld.com/article/246323/how_to_convert_an_ebook_to_the_amazon_kindle_format.html The article talks about epub format. I know how to convert that format. It's the ebook format I'm asking about. Thank...
by EddyB
Thu Aug 27, 2020 8:16 am
Forum: Personal Investments
Topic: Most effective way of selling the already vested RSU???
Replies: 27
Views: 1550

Re: Most effective way of selling the already vested RSU???

Fo this employeers RSU, I have two lots which I can sell (window is open now), one will put long term gain and another will short term gain (these got vested in July this year). If I sell the long term gain lot, it will bring my employer stock as 16% (reduction of 7%) and if I sell short term gain ...
by EddyB
Wed Aug 26, 2020 10:12 pm
Forum: Personal Investments
Topic: Real estate continues to soar (great for landlords)
Replies: 71
Views: 5912

Re: Real estate continues to soar (great for landlords)

According to the National Multi-Family Housing Council monthly survey of large apartment management companies, rent collection in July 2020 was only a tiny bit less than in July 2019. 95.7% vs 96.6%. The monthly survey data has shown this same thing since the start of the pandemic. The gap between ...
by EddyB
Wed Aug 26, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Quit corporate job @ age 34 with $1.3M?
Replies: 225
Views: 22356

Re: Quit corporate job @ age 34 with $1.3M?

And average income for 'retiree' ages by age group: Compare the median income by age range: Age of Household Median Income Mean Income Households Aged 55-59 $73,711 $102,203 Households Aged 60-64 $64,846 $91,543 Households Aged 65-69 $53,951 $79,661 Households Aged 70-74 $50,840 $73,028 Households ...
by EddyB
Tue Aug 25, 2020 10:07 am
Forum: Investing - Theory, News & General
Topic: EE bonds to mitigate college wealth tax?
Replies: 38
Views: 2074

Re: EE bonds to mitigate college wealth tax?

FAFSA is for determining if you can get student aid for college. Helping to pay for education is nota Tax. How much you get is based on income and assets, the latter of which I'm focused on, so it effectively is a tax. It's the same reasoning SCOTUS used to uphold Obamacare penalties for lack of co...
by EddyB
Mon Aug 24, 2020 12:35 pm
Forum: Investing - Theory, News & General
Topic: Market will be at all time high by year-end
Replies: 155
Views: 16294

Re: Market will be at all time high by year-end

There is one way and one way only the markets are at an all time high. Some miracle drug or vaccine is created in the next 6 months that shocks all of the scientists and is allowed with vastly shortened clinical trials. Odds are at 50,000 to 1 against. Maybe one other way too...aliens finally revea...
by EddyB
Sun Aug 23, 2020 9:45 am
Forum: Personal Investments
Topic: Am I being too conservative?
Replies: 19
Views: 2089

Re: Am I being too conservative?

I don't think a 10% bond allocation is very conservative. I agree, I think 90% stocks is the opposite of conservative, it is a very aggressive asset allocation. Just to be explicit: at age 30, an aggressive allocation is almost surely the right choice. I didn't offer an opinion about whether it is ...
by EddyB
Fri Aug 21, 2020 9:37 pm
Forum: Personal Investments
Topic: Real estate continues to soar (great for landlords)
Replies: 71
Views: 5912

Re: Real estate continues to soar (great for landlords)

Real estate is so local and type specific. Not good for REITs. Not good for commercial buildings.. like malls. Not good for college towns. Not good for short term rentals. Not good for travel destinations. Not good for dense urban areas. SFH in suburban areas seem to be doing well. So far, it’s bee...
by EddyB
Thu Aug 20, 2020 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Lease Renewal - Landlord Refuses Buy-out Clause Terms
Replies: 23
Views: 2361

Re: Lease Renewal - Landlord Refuses Buy-out Clause Terms

What is the penalty if you just break the lease? Check landlord tenant law in your location. In many (most?) places, they can’t charge you rent for longer than a reasonable amount of time to get the place rented to someone else. Often this is two months. If you’re renting, it’s always good to know ...
by EddyB
Thu Aug 20, 2020 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Am I entitled to bring in my own real estate agent after a showing by the listing agent?
Replies: 39
Views: 3460

Re: Am I entitled to bring in my own real estate agent after a showing by the listing agent?

If I call the listing agent for a house just to see it, am I entitled to later bring in another agent to represent me if I want to make an offer? Can the listing agent insist they want to be the only agent involved? Also, more specifically, if a listing agent shows me a house, could I, for example,...
by EddyB
Thu Aug 20, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: 30YO Biglaw Associate- Advice Welcome!!
Replies: 49
Views: 5676

Re: 30YO Biglaw Associate- Advice Welcome!!

Frankly I was somewhat confused how the backdoor Roth would save me on taxes if the amount is taxed now rather than in retirement. In typing this, though, it is obvious to me that I may not really understand the mechanics at play and need to do some reading to understand how it can work for me. The...
by EddyB
Mon Aug 17, 2020 1:26 pm
Forum: Personal Consumer Issues
Topic: USPS shipping: Caveat Emptor
Replies: 79
Views: 4853

Re: USPS shipping: Caveat Emptor

This doesn’t seem new. It’s been a joke for years: Use Fedex when it absolutely, positively has to be there overnight. Use USPS Priority Mail if you don’t care when it gets there. That's far from true. For the price, priority is a great deal for 3 day shipping. Yes, it is, but it's not guaranteed a...
by EddyB
Thu Aug 13, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Private University Apartments Leases during Covid
Replies: 64
Views: 3729

Re: Private University Apartments Leases during Covid

Just a note for the future: My son lived in such an apartment for a number of years. The apartment folks would always start hounding parents/students starting in January to sign a lease starting in August. They had lots of practice sowing fear, uncertainty, and doubt about having an apartment avail...
by EddyB
Thu Aug 13, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Private University Apartments Leases during Covid
Replies: 64
Views: 3729

Re: Private University Apartments Leases during Covid

If you want to break the lease you will almost certainly be in violation of the contract. You and your parents have to weigh the potential consequences of breaking the lease. Can the landlord sue your parents and win? Or is it just a matter of damaging credit which may or may not be acceptable to y...
by EddyB
Thu Aug 13, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Private University Apartments Leases during Covid
Replies: 64
Views: 3729

Re: Private University Apartments Trapping Students in Expensive Leases

People often assume anything written on a piece of paper is a valid contract. Spoiler Alert: the courts will decide whether or not it is. Landlords who strictly observe the terms of the lease are known to include "loser pays" provisions in the terms offered to prospective tenants. I am going to wag...
by EddyB
Wed Aug 12, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Private University Apartments Leases during Covid
Replies: 64
Views: 3729

Re: Private University Apartments Trapping Students in Expensive Leases

000 wrote: Wed Aug 12, 2020 8:21 pm People often assume anything written on a piece of paper is a valid contract.

Spoiler Alert: the courts will decide whether or not it is.
Landlords who strictly observe the terms of the lease are known to include "loser pays" provisions in the terms offered to prospective tenants.
by EddyB
Wed Aug 12, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Large pay cut for better quality of life
Replies: 82
Views: 7506

Re: Large pay cut for better quality of life

I am strongly inclined to take the other job. I think it would be a great experience that would likely help me get higher paying work in a couple years if I wanted. DW and I are ready for a change and really like the new location. The only concern I have is taking such a large pay cut, although I t...
by EddyB
Tue Aug 11, 2020 5:23 am
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 370
Views: 26022

Re: Gold $1600 Oz - When?

Unlike gold, no one is claiming that VTI shares are "money". I know some fellows who claim that gold is money. You may have heard of them. They signed a thing called the Constitution of the United States. 1: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque a...
by EddyB
Mon Aug 10, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do when you won the game? Edited
Replies: 53
Views: 6651

Re: What did you do when you won the game?

willthrill81 wrote: Mon Aug 10, 2020 3:35 pm When do you know you've won the game?
How do we even find out what the rules are or how the scoring works?
by EddyB
Thu Aug 06, 2020 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tired Lawyer, Need career and life advice
Replies: 106
Views: 13924

Re: Tired Lawyer, Need career and life advice

The "Dark side" of going in-house: https://www.bcgsearch.com/article/60637/The-dark-Side-Of-Going-In-House/ What it's Really Like as an In-House Attorney: Don't believe Everything You've heard: https://www.bcgsearch.com/article/60692/A-View-from-the-Other-Side-My-Life-as-an-In-House-Attorney/ Why Y...
by EddyB
Fri Jul 31, 2020 12:51 pm
Forum: Non-US Investing
Topic: Investing a USD windfall for a UK/US citizen living in Sweden
Replies: 23
Views: 1196

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

Let’s say you have purchased a 100K USD bond yielding 1% with a redemption date one year later. At the date of purchase the exchange rate is 1.11 for USD to EUR. So, roughly, at the time of purchase you have a 100K USD bond and in terms of the EUR the bond would have a face value of 90K EUR. A year...
by EddyB
Fri Jul 31, 2020 9:24 am
Forum: Non-US Investing
Topic: Investing a USD windfall for a UK/US citizen living in Sweden
Replies: 23
Views: 1196

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 EddyB
Thu Jul 30, 2020 11:44 pm
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 120
Views: 8563

Re: Decision Model: How do you decide to send kids back to school ?

Did it include data about the long-term effects of the virus? That’s the piece I really want to see. Long term effects can't be known yet - since the disease hasn't been around that long. Some guesses can be made from medical principles and observations to this point, but you can't do a long term s...
by EddyB
Thu Jul 30, 2020 11:27 pm
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 120
Views: 8563

Re: Decision Model: How do you decide to send kids back to school ?

If I linked the data the wife and I used to make the (easy) decision to send our kids physically back to school next month, I am sure this thread would be shut down quite quickly...and I expect it will anyway. Did it include data about the long-term effects of the virus? That’s the piece I really w...
by EddyB
Thu Jul 30, 2020 5:19 pm
Forum: Personal Consumer Issues
Topic: Parent DOB Error on Birth Certificate
Replies: 20
Views: 1851

Re: Parent DOB Error on Birth Certificate

My birth certificate has the wrong date of birth for one parent. How critically important is it to have this changed? I would have this amended. In many states it is not a difficult procedure (you would likely need to provide a certified copy of the parent's birth certificate, and likely the marria...
by EddyB
Thu Jul 30, 2020 3:40 pm
Forum: Non-US Investing
Topic: EXPAT: Strategy when invested in USA and spending in EUROS
Replies: 68
Views: 7788

Re: EXPAT: Strategy when invested in USA and spending in EUROS

I am also struggling with this. I'm a semi-retired US citizen living in the EU (perhaps permanently but not sure yet) with a typical 60/40 portfolio held with a US broker. My living expenses are in Euros but I'm taking periodic withdrawals from a portfolio of USD. Besides increasing my ex-US equity...
by EddyB
Wed Jul 29, 2020 8:28 pm
Forum: Personal Investments
Topic: How to sell stock as owner of record?
Replies: 7
Views: 476

Re: How to sell stock as owner of record?

My wife is about to become the owner of record of some stock in a public company. She is signing a form authorizing AST to transfer the stock to her name on the books of the corporation. How can she sell the stock? How can she move it to street name? I would let the shares land in her AST account, ...