Search found 1792 matches

by bhsince87
Tue Oct 16, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA subsidies
Replies: 10
Views: 384

Re: Inflating AGI to avoid paying back ACA subsidies

For income tax purposes, the deductions are optional. There are a few we've never taken because of the record keeping headaches. I would assume that would apply to AGI tests as well. But it probably comes up so infrequently that I wouldn't be surprised if there are no clear rules on it. I kinda doub...
by bhsince87
Mon Oct 15, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 177
Views: 12944

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

If your objective is to translate decades of "saving for retirement" into retirement income, the medium and low inflation adjusted SWR's (3-4%) lack much utility, other than providing a pretty good stake in the richest person in the graveyard contest. Here's 5% of annual portfolio balance spend wit...
by bhsince87
Mon Oct 15, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 157
Views: 12428

Re: Correlation between the FIRE movement and one of the greatest bull markets

...us mere mortals who want to contribute more to this world than earning $1M then stopping. From what I've seen many don't "stop". In fact they're probably contributing "more to this world" after becoming financially independent. Yeah, but if they're blogging or consulting or whatever for money, t...
by bhsince87
Mon Oct 15, 2018 4:13 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 157
Views: 12428

Re: Correlation between the FIRE movement and one of the greatest bull markets

I think this explains the rather dismal outlook of the 2000 "early retiree" cohort: https://earlyretirementnow.com/2017/01/18/the-ultimate-guide-to-safe-withdrawal-rates-part-6-a-2000-2016-case-study/ I find that post interesting insofar as the data seems to go AGAINST their very own conclusions. F...
by bhsince87
Sun Oct 14, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to get a Federal Job
Replies: 22
Views: 2840

Re: Trying to get a Federal Job

Yes, less of your annuity will be taxable when you have to contribute more. But you are stuck with 4.8% regardless, so comparisons to options that aren’t available aren’t really relevant. I agree - I've just seen a lot of comments say it's not worth going into federal employment anymore specificall...
by bhsince87
Sun Oct 14, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: Has the US bull become addicted to corporate buybacks?
Replies: 16
Views: 1474

Re: Has the US bull become addicted to corporate buybacks?

In the big picture, "wasting" money on buybacks is no different than "wasting" money on dividends. But for many shareholders, the buy backs offer a tax advantage. And what exactly does this mean?: "4. Q418 looks to be HUGE for buybacks, so some will recommend you buckle-up." If it's going to be huge...
by bhsince87
Sat Oct 13, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 93
Views: 7902

Re: When will you backup the truck on stocks

Never again!

I did it in 2008-2009, when I had a big chunk of cash on hand to pay off our mortgage. That worked spectacularly well.

But I'm too close to retirement now. Just don't need take such a risk.
by bhsince87
Sat Oct 13, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: Lost Power for 24 hours - what food to toss?
Replies: 38
Views: 2457

Re: Lost Power for 24 hours - what food to toss?

As they say, when in doubt, throw it out. Yes, I am positive that motto leads to a bunch of food getting tossed that probably perfectly fine to eat. But this is a case where the potential downside outcome (hospitalization, death?) while of very low probability, vastly outweighs the upside (saving $5...
by bhsince87
Sat Oct 13, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 5826

Re: Neighbor discussing finances with me

Send him this link, tell him it's the best advice you've ever found, and leave it at that.

https://www.bogleheads.org/wiki/Getting_started
by bhsince87
Sat Oct 13, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: What would you do with some bulk silver?
Replies: 41
Views: 2327

Re: What would you do with some bulk silver?

You might also consider having a few turned into rings for the children. Google "coin rings" or check etsy. It's amazing what skilled folks can do with those coins!
by bhsince87
Fri Oct 12, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: Bond Market Factors
Replies: 11
Views: 875

Re: Bond Market Factors

I've heard a few thousand ideas as to what causes bond yields to rise and fall. I've come to the conclusion that nobody really knows. There does seem to be a consensus that as an economy improves, rates/yields tend to go up. And vice versa when an economy is in decline. There are probably dozens of ...
by bhsince87
Fri Oct 12, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: New business - expenses with zero revenue
Replies: 4
Views: 517

Re: New business - expenses with zero revenue

Deducting start up costs is very complicated. I've been through it once with an ebay business and I'm close to doing it again for another side business. If you are starting a legitimate business, some costs can be offset against non-business income. But as mentioned in the first lined article in the...
by bhsince87
Fri Oct 12, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing?
Replies: 103
Views: 9466

Re: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing

If I could find a part time job that pays health insurance, it would be like an extra $1,100,000!!! Our ACA costs w/o subsidies would be about $32k per year. Add to that the $12,000 in wages and that's a 4% withdrawal rate from $1.1 million. Of course, that also assumes out of pocket med expenses wo...
by bhsince87
Fri Oct 12, 2018 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: over 55k in 401k with profit-sharing...
Replies: 14
Views: 553

Re: over 55k in 401k with profit-sharing...

I think many plan sponsors won't let you go over, but I'm not sure what happens if you do. Nothing good I suspect. It is the plan's responsibility to ensure the annual addition limit is not exceeded. The IRS has issued very specific guidance on what contributions should be returned when exceeding a...
by bhsince87
Thu Oct 11, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contri's vs Trad 401k vs Roth 401k
Replies: 23
Views: 850

Re: After Tax 401k Contri's vs Trad 401k vs Roth 401k

If they allow you to take yearly or more frequent distributions, and roll those into a Roth IRA, then these are AWESOME deals! If not, they aren't much different than an after tax account. On the downside, you might not have access to the funds when you want them. On the plus side, they might offer...
by bhsince87
Thu Oct 11, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contri's vs Trad 401k vs Roth 401k
Replies: 23
Views: 850

Re: After Tax 401k Contri's vs Trad 401k vs Roth 401k

If they allow you to take yearly or more frequent distributions, and roll those into a Roth IRA, then these are AWESOME deals! If not, they aren't much different than an after tax account. On the downside, you might not have access to the funds when you want them. On the plus side, they might offer ...
by bhsince87
Thu Oct 11, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: Diversifying with a zero-correlation, zero-return volatile asset
Replies: 66
Views: 3495

Re: Diversifying with a zero-correlation, zero-return volatile asset

Seems a lot like commodity "investment" to me. If you don't use the commodity directly, what's the point? There will always be a winner and a loser every day. I guess if you play this game out to its ultimate conclusion, one flipper will win when the other one dies, gives up, or whatever. Sort of li...
by bhsince87
Thu Oct 11, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: 1.5 liter wine
Replies: 52
Views: 11287

Re: 1.5 liter wine

It's interesting that in the 10 years since this thread started, there has been a revolution in wine packaging.

Finding a decent wine in a box back then was almost impossible, at least in the US. Now there are plenty of options.
by bhsince87
Thu Oct 11, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tax loss harvesting bond funds?
Replies: 12
Views: 1024

Re: Anyone tax loss harvesting bond funds?

Yep. A state muni fund and intermediate term corp fund. Booked about $5k loss. Today is actually day 31, so I'll likely buy back in tomorrow or early next week. I parked the munis in tax free muni money market and the other in short term treasuries. Looks like the treasuries are down about $300 over...
by bhsince87
Thu Oct 11, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: What would you do with some bulk silver?
Replies: 41
Views: 2327

Re: What would you do with some bulk silver?

How old are your kids? If old enough, it might be a fun and educational project for them to do some online research of the individual pieces, and determine what they are worth.
by bhsince87
Thu Oct 11, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Ready to down shift?
Replies: 10
Views: 1813

Re: Ready to down shift?

I'm assuming you'll be covered by your wife's health insurance while she is working. But what are your plans after that?

I'm looking at ACA plans that coud be $32k out of pocket each year, without subsidies.
by bhsince87
Thu Oct 11, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: When Both Stocks and Bonds Fall, Where Does the Money Go?
Replies: 12
Views: 1759

Re: When Both Stocks and Bonds Fall, Where Does the Money Go?

"The money" goes to whoever is selling.

The downside for the sellers is that if they had sold it the day before, they could have got more money.
by bhsince87
Wed Oct 10, 2018 2:56 pm
Forum: Personal Consumer Issues
Topic: What the heck is growing in my yard?
Replies: 71
Views: 5621

Re: What the heck is growing in my yard?

From afar, it looks like it might be a "hen of the woods" mushroom. They are edible and decisions from what I understand. However, DO NOT EAT unless you get a firm ID locally. Was there a tree stump there in the past? It's possible it is growing on the leftovers of that. This would be the fruiting ...
by bhsince87
Wed Oct 10, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: What the heck is growing in my yard?
Replies: 71
Views: 5621

Re: What the heck is growing in my yard?

From afar, it looks like it might be a "hen of the woods" mushroom. They are edible and decisions from what I understand. However, DO NOT EAT unless you get a firm ID locally. Was there a tree stump there in the past? It's possible it is growing on the leftovers of that. This would be the fruiting b...
by bhsince87
Wed Oct 10, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Between Jobs: Obamacare vs COBRA?
Replies: 30
Views: 1472

Re: Between Jobs: Obamacare vs COBRA?

Your employer will tell you how much the actual cost will be. I guess that could be sort of a tricky thing to ask though, if you don't want them to know you're thinking about leaving. I think most employers are required to put the total cost on W-2s at the end of the year. You might want to look on ...
by bhsince87
Wed Oct 10, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: invest in sears bond maturing next week 10/15 , trading at 58c on the $
Replies: 18
Views: 2520

Re: invest in sears bond maturing next week 10/15 , trading at 58c on the $

That's not investing. That's speculating.

Not saying it's a good or bad idea though. I have no idea.
by bhsince87
Wed Oct 10, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Between Jobs: Obamacare vs COBRA?
Replies: 30
Views: 1472

Re: Between Jobs: Obamacare vs COBRA?

Not enough information to decide. What is the cost of COBRA and the cost of the ACA plan? What is your income level? Is it just you, or you +spouse+ family? What are the deductable and copays of your current plans vs the ACA plan? Have you met the deductable this year on your current plan? What Drs,...
by bhsince87
Wed Oct 10, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 2837

Re: Calculating amount needed for SS bridge

If you are going to have $2million at 55, what are you even worrying about? You should be able to pull 3% from that indefinitely.

Hell, splurge and pull 4%, since you've got a colad pension and SS coming in.
by bhsince87
Wed Oct 10, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Self Employed Health Insurance Deduction
Replies: 18
Views: 1573

Re: Self Employed Health Insurance Deduction

Greenman72 wrote:
Wed Oct 10, 2018 6:26 am
Good Listener wrote:
Tue Oct 09, 2018 7:28 pm
Thanks. I mean do not want to deal with the process. I'm almost 666....
Holy smokes. You should change your screen name to Methuselah.
Or Satan!!!!! :twisted:
by bhsince87
Tue Oct 09, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: A Roadmap For The Upcoming US Treasury Bull Market
Replies: 40
Views: 3735

Re: A Roadmap For The Upcoming US Treasury Bull Market

I personally fail to see the attraction of long duration especially in the current fixed income environment. Long duration increases risk (rising rates, inflation) and you get paid almost nothing now to take on that risk. As for the upcoming US Treasury bull market, no one can accurately predict wh...
by bhsince87
Tue Oct 09, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9449

Re: What is your annual cost for health insurance?

Currently, I have a great deal. Working for a mid size private company, age 53, coverage is just for me (wife is covered at her job, not as good as mine). Total cost for me is $700 a year for medical and optical, $50 a year for dental. $250 deductable, $20 copay for visits, $6 meds (90 day), 20% cop...
by bhsince87
Tue Oct 09, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9449

Re: What is your annual cost for health insurance?

As am American, I find this quite depressing. In order to retire and not worry about medical expenses, I've got four options: 1 - Wait until I'm 65 years old to get Medicare -- So much for retiring early. :? 2 - Get a disease state that puts me on Medicare at an early age -- But I don't want to be ...
by bhsince87
Tue Oct 09, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2025

Re: early retirement for health reasons- pension option ss income leveling?

I thought CA law required up to 3 years of COBRA?

If so, maybe you can tough it out one more year? Then you would be covered until Medicare age. Plus you would build up more breathing room budget wise.
by bhsince87
Mon Oct 08, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Formula for when to buy in bulk
Replies: 41
Views: 3117

Re: Formula for when to buy in bulk

If you wanted to take this to extremes, you'd have to include any costs for storing extra quantities, overall and other specific spending constraints, etc. If the product regularly goes on sale, and the sale discount is larger than your expected investment return, then buy enough at the sale price ...
by bhsince87
Mon Oct 08, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Should I, and how, act on changes in managing diet and health?
Replies: 65
Views: 4458

Re: Should I, and how, act on changes in managing diet and health?

I just saw a report from a medical device maker that specializes in diabetes treatment. They estimate that there are currently about 500 million people globally with diabetes, and the rate is growing at about 6% per year. And only about 50% of those folks have diabetes under control. The bottom line...
by bhsince87
Mon Oct 08, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: Meat Grinder recommendation?
Replies: 11
Views: 1007

Re: Meat Grinder recommendation?

Does she already have a food processor or a good blender? Those might be worth a try. If she is not making sausage and is just filling dumplings, either one could work. The consistency won't be quite the same as a meat grinder, although with a good food processor and some practice, you can get reall...
by bhsince87
Thu Oct 04, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 157
Views: 12428

Re: Correlation between the FIRE movement and one of the greatest bull markets

Upon further reflection, I think the ACA is only a minor factor. There are many FIRE blogs from Europe and other countries where worrying about how to pay for health insurance is not a concern. You mean Western European countries with universal healthcare? Yes. If one is looking for examples of fol...
by bhsince87
Thu Oct 04, 2018 9:34 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 157
Views: 12428

Re: Correlation between the FIRE movement and one of the greatest bull markets

Upon further reflection, I think the ACA is only a minor factor.

There are many FIRE blogs from Europe and other countries where worrying about how to pay for health insurance is not a concern.
by bhsince87
Thu Oct 04, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Take the hit or ride it out?
Replies: 21
Views: 3630

Re: Take the hit or ride it out?

Here is a 10 year chart. https://www.xe.com/currencycharts/?from=GBP&to=USD&view=10Y The pound was at 1.48 (to the U.S. dollar) on June 24, 2016. Then at 1.34 to the U.S. dollar June 30, 2016. Any guess what caused the drop? You guessed it. Brexit. (vote took place on the 23rd). And that is potenti...
by bhsince87
Thu Oct 04, 2018 8:25 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 157
Views: 12428

Re: Correlation between the FIRE movement and one of the greatest bull markets

I thing the underlying point is if you need other income to survive, you are not retired. This might be the best definition I've seen. Watching the Colts play football on TV, and seeing Peyton Manning doing insurance commercials brings it into perspective. Just about everyone will agree that Peyton...
by bhsince87
Thu Oct 04, 2018 8:12 pm
Forum: Personal Consumer Issues
Topic: Fall Foliage
Replies: 29
Views: 2273

Re: Fall Foliage

The Appalachians can't be beat. Start in early October in New England, and slowly work your way south. The maples give nice reds and yellows in NE. My favorite spot is North western PA around the middle of October. Allegheny Nation Forest and there about has a huge population of wild cherry. There a...
by bhsince87
Thu Oct 04, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6219

Re: [CNBC article: Don't expect to retire at 70]

Whether he chose the "right"* number or not doesn't impact his main point much. That being that it's best to start saving early, and probably more than you think you might need to save, because very few people will actually be working when they are age 70, mostly due to forces outside their control....
by bhsince87
Wed Oct 03, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 157
Views: 12428

Re: Correlation between the FIRE movement and one of the greatest bull markets

IMO, yes. A decade long bull market, the explosion and simplification of blogging, and the passage of the ACA in the US all came together to form the prefect storm. It will be interesting to see what happens during the next crash. edited to add: I also don't think this desire is something new. I rem...
by bhsince87
Wed Oct 03, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: Enjoying your money before retirement
Replies: 65
Views: 6210

Re: Enjoying your money before retirement

I have never had access to an HSA, 520, or Backdoor Roth IRA. Why not ? They have been available to individuals for years. Takes a couple minutes to set one up. You don't need your employer. Maybe I was a little sloppy in my wording: 529: No kids and no plans to take any classes in the future. HSA:...
by bhsince87
Wed Oct 03, 2018 3:54 pm
Forum: Investing - Theory, News & General
Topic: Enjoying your money before retirement
Replies: 65
Views: 6210

Re: Enjoying your money before retirement

6) There is not enough room in the tax-advantaged accounts for my annual savings. 45% of my portfolio is in my taxable account. KlangFool KF, * 401(k) 18,500 * 2 (his + hers) * 401(k) match 6,000 * 2 (his + hers) * Backdoor Roth 5,500 * 2 (his + hers) * HSA 6,750 * 529 10,000 401(k), Roth, HSA, 520...
by bhsince87
Wed Oct 03, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Take the hit or ride it out?
Replies: 21
Views: 3630

Re: Take the hit or ride it out?

How old are you? Do you plan to stay in the US the rest of your life and retire there, or possibly go back to GB? If you have time to wait for a better exchange rate, it might not be so bad if you go with the GB option. Can you withdrawal from that fund if you ever visit GB? If so, you could spend f...
by bhsince87
Wed Oct 03, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: Enjoying your money before retirement
Replies: 65
Views: 6210

Re: Enjoying your money before retirement

I've done this for 30+ years. Early on, I didn't have tax advantaged options. Of course, when a 401k became available to me, I took full advantage of that. IMO, if you're contemplating early retirement, a "taxable" account is a must have. I invested much more aggressively in my taxable account than...
by bhsince87
Wed Oct 03, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Plan For Depleting Your Investments If No Heirs?
Replies: 39
Views: 4637

Re: Plan For Depeting Your Investments If No Heirs?

As others have mentioned, SPIAs are one approach. But with that case you would never really deplete. Another approach is to divide your nest egg by the number of years until the target depletion date, then set up a TIPS ladder for that amount and for that number of years. As each TIP matures, spend ...
by bhsince87
Wed Oct 03, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: Did Jeff Bezos just pull a Henry Ford?
Replies: 32
Views: 2521

Re: Did Jeff Bezos just pull a Henry Ford?

Wow props to him, I thought he is a greedy bastard :D He is the richest billionaire without any philanthropy activities (when compared to others). He just gave out what? $7 avg increase X 40 X 52 weeks X 250,000 workers = $3.6 billion out of the company pocket book (probably less - not all worker w...