Search found 1564 matches

by bhsince87
Tue May 22, 2018 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4694

Re: How do you stop moving the goal posts.

I have no suggestions, yet.

But as always Timelord I appreciate your post.

We are both living by the same logic and feelings!

And/or suffering the same affliction....
by bhsince87
Thu May 17, 2018 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Long term investment in grains/wheat
Replies: 22
Views: 1335

Re: Long term investment in grains/wheat

That would not be investing. It would be speculating.
by bhsince87
Mon May 07, 2018 8:28 pm
Forum: Personal Consumer Issues
Topic: Can COBRA coverage be extended indefinitely?
Replies: 13
Views: 1286

Re: Can COBRA coverage be extended indefinitely?

Thank you all for your replies! I thought she might have just been a little loose with her wording.

If it ever comes to pass, I will definitely get it in writing. I've been burned by vocal promises before.
by bhsince87
Mon May 07, 2018 3:05 pm
Forum: Personal Consumer Issues
Topic: Can COBRA coverage be extended indefinitely?
Replies: 13
Views: 1286

Can COBRA coverage be extended indefinitely?

While working through some proposals for early retirement, my HR manager mentioned that they have the ability to allow me to continue healthcare coverage for my wife and I under COBRA up until I turn 65. That could be 10-11 years. Does this sound workable? Has anyone else ever heard of this? It woul...
by bhsince87
Sun May 06, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Tea supplier comparison
Replies: 20
Views: 1342

Re: Tea supplier comparison

I'm a fan of raw pu'erh tea. I've been buying directly from China from this place for a long time. They have blacks and oolongs too. I've never been disappointed!


https://yunnansourcing.com/
by bhsince87
Sat May 05, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: "How to Engineer your Layoff" book, has anyone read it?
Replies: 27
Views: 5783

Re: "How to Engineer your Layoff" book, has anyone read it?

OP here, just now circling back to this. Yes, I bought the book. Is it worth $75? Probably not, but too early to tell. I did pick up a few tips I hadn't heard elsewhere, so it wasn't a total waste of money. I'm still working, and getting close to early retirement. But if I am still working when the ...
by bhsince87
Fri May 04, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Retirees Never Had It Better
Replies: 31
Views: 5028

Re: Retirees Never Had It Better

https://www.nextavenue.org/retirees-never-better-united-income-report/ I was able to find the actual pdf file of the study but it is on my iPhone. Quite an optimistic view of retirees! It almost seems as if only BH were included in that study. Oh, and it is confirmed that highest increase in the ac...
by bhsince87
Sun Apr 08, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Robotic lawn mowers
Replies: 18
Views: 1355

Re: Robotic lawn mowers

Sandtrap wrote:
Sun Apr 08, 2018 9:26 pm
Are there any that will cut 20 acres? :shock:
aloha
j

Yes. They are called "cows".
by bhsince87
Sun Apr 08, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Handling ageism in tech
Replies: 56
Views: 4662

Re: Handling ageism in tech

Hmm, I actually took the opposite approach. When I hit 50, I moved from management back into engineering. Engineering jobs are much more available in m industry, plus it opened the door to consulting. That being said, about 30% of the engineers our company has hired over the last few years have been...
by bhsince87
Wed Apr 04, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Selling individual stocks when they're down?
Replies: 10
Views: 940

Re: Selling individual stocks when they're down?

Will you be in a lower tax bracket when you retire? If so, you might want to hold off selling them.

We are in a similar situation, but I expect to be in the zero capital gains bracket when retired, so i am accepting some risk until then.
by bhsince87
Mon Apr 02, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help! How to report bond fund income from taxable account
Replies: 3
Views: 359

Re: Help! How to report bond fund income from taxable account

As a follow up, my fear was triggered by what appears to be just a quirk in Turbotax. Last year, they put bond income under the "interest" tab in their summary. This year, they put it in the "dividend" bucket. But on the actual tax forms, they are treated the same both years.
by bhsince87
Sun Apr 01, 2018 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 90
Views: 10320

Re: Retire at 55, what's the magic number

45X expenses for me. I'm almost 53, so it's getting close!
by bhsince87
Sun Apr 01, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help! How to report bond fund income from taxable account
Replies: 3
Views: 359

Re: Help! How to report bond fund income from taxable account

The "interest" is paid as dividends. Report it as dividends. From https://www.bogleheads.org/wiki/Non-qualified_dividends : A portion of your ordinary dividends may be non-qualified dividends because they can include items like these: Taxable interest. When a mutual fund receives taxable interest, ...
by bhsince87
Sun Apr 01, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help! How to report bond fund income from taxable account
Replies: 3
Views: 359

Help! How to report bond fund income from taxable account

On my report from my Vanguard brokerage account, all income is reported on 1099-DIV. It reports zero income on 1099-INT. This includes income from Vang FEDL money market, Vang PA long term tax exempt, VANG Prime MMKT, and Vang Short Term Corp Bond ETF. They do list income from the tax exempt fund as...
by bhsince87
Wed Mar 28, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: Not going to be buying chicken for a while...
Replies: 65
Views: 9304

Re: Not going to be buying chicken for a while...

This is why you should be eating beef. Issues like this were resolved many years ago.
by bhsince87
Tue Mar 27, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Not going to be buying chicken for a while...
Replies: 65
Views: 9304

Re: Not going to be buying chicken for a while...

Wow, this is so far off base it's scary.
by bhsince87
Tue Mar 27, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: New car on lot for 102 days. Concerns?
Replies: 35
Views: 5439

Re: New car on lot for 102 days. Concerns?

That's my favorite kind to buy! I've never had any problems with them.
by bhsince87
Mon Mar 26, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Good cheap/free email mailing list for about 200 people?
Replies: 10
Views: 781

Re: Good cheap/free email mailing list for about 200 people?

You might want to try www.freelists.org I belong to an industry group tat has been using it for many years.
by bhsince87
Fri Mar 23, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Buying at IPO price
Replies: 9
Views: 853

Re: Buying at IPO price

I've invested in individual stocks for over 25 years. Currently own over thirty.

The biggest losses I ever had came from IPO's.

I was even on "the inside" of one, and still got burned!

Don't do it!
by bhsince87
Tue Mar 20, 2018 10:39 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 128
Views: 19304

Re: Is it time to dump high yield savings for prime money market?

BogleMelon wrote:
Tue Mar 20, 2018 11:04 am
In my case I am not sure if 0.16% difference worth the hassle (My savings is earning 1.45% at Ally currently). To make things worse, this 0.16% is taxable so it is only 0.13% ($13 more per year for every $10K also not FDIC) :D
Your savings account is taxable too.
by bhsince87
Fri Mar 16, 2018 8:40 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced Rum?
Replies: 39
Views: 2959

Re: What is your favorite reasonably priced Rum?

I really like Myers Platinum. But it can be hard to find.
by bhsince87
Tue Mar 13, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: How banks create money, not from deposits
Replies: 132
Views: 11303

Re: How banks create money, not from deposits

This article is talking about how our modern fractional reserve banking system creates money by lending. This is not a new idea in economics. It's pretty standard fare in Econ 101. It was covered in the Econ 101 course I took as an undergrad in the 1990s. And it was covered in the Econ 101 course I...
by bhsince87
Mon Mar 12, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation once you've passed your "number"
Replies: 41
Views: 3603

Re: Asset Allocation once you've passed your "number"

I personally struggled with this decision for several years. I was essentially 90/10 equity/bond for years, and stuck with that until we hit a number where we could live a decent lifestyle on a 3% withdrawal rate. Then I tapered down to 60/40, where I plan to stay for the foreseeable future. Will be...
by bhsince87
Sun Mar 11, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: How banks create money, not from deposits
Replies: 132
Views: 11303

Re: How banks create money, not from deposits

I also just found this on wikipedia, and it's pretty good.

https://en.wikipedia.org/wiki/Reserve_r ... ted_States
by bhsince87
Sun Mar 11, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: How banks create money, not from deposits
Replies: 132
Views: 11303

Re: How banks create money, not from deposits

Yes, that is how the banking system actually works today, in most of the developed world at least. There are minor differences between countries though. Canada and the UK both have ZERO reserve requirements! The system didn't become fully floating in the US until the early 1970's, and it has taken a...
by bhsince87
Sat Mar 10, 2018 11:10 pm
Forum: Personal Consumer Issues
Topic: Server Changed TIP amount - 3rd time in a month
Replies: 50
Views: 4898

Re: Server Changed TIP amount - 3rd time in a month

That is outright theft!

Can you just pay cash? That's what I do.

If not, at a bare minimum, save the receipt.

And if a problem crops up, report it to management at the local store first. If that doesn't work, go to the corporate HQ. No reputable business wants this sort of thing to happen!
by bhsince87
Sat Mar 10, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Is Amazon HD video better than a blu-ray disc?
Replies: 13
Views: 970

Re: Is Amazon HD video better than a blu-ray disc?

We tried streaming from both Amazon and Netflix (up to UHD), but after 6 months or so, we switched back to Blu Ray subscription from Netflix.

With most movies, the difference is noticeable, and worth the extra money and hassle for me, at least.
by bhsince87
Mon Mar 05, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Pickleball versus Tennis
Replies: 27
Views: 2685

Re: Pickleball versus Tennis

Might as well make it both! You can also play badminton. They just need different lines and adjustable nets.

While you're at it, you can also put in a short basketball court. With a little more space, shuffle board and volley ball can be added.
by bhsince87
Sun Mar 04, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: Micro-Hydropower
Replies: 8
Views: 1244

Re: Micro-Hydropower

I've played around with it. It really is cheaper and less complicated than solar, about on par with wind. You have already zeroed in on the two critical factors: flow rate and drop, or head. Once you know those, the math is easy. The bigger unknown is environmental regulations. You will need some so...
by bhsince87
Thu Mar 01, 2018 9:40 pm
Forum: Personal Consumer Issues
Topic: Do capital losses count against ACA MAGI?
Replies: 12
Views: 827

Re: Do capital losses count against ACA MAGI?

Can crypto currency losses be deducted? Obviously, one will have no 1099 form to document it. What? I've been told that crypto currencies only gain, gain, gain! But seriously, I don't think they can be deducted. I think they are treated as collectibles, and I'm pretty sure losses from them can't be...
by bhsince87
Thu Mar 01, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Do capital losses count against ACA MAGI?
Replies: 12
Views: 827

Re: Do capital losses count against ACA MAGI?

Can crypto currency losses be deducted? Obviously, one will have no 1099 form to document it. What? I've been told that crypto currencies only gain, gain, gain! But seriously, I don't think they can be deducted. I think they are treated as collectibles, and I'm pretty sure losses from them can't be...
by bhsince87
Thu Mar 01, 2018 3:20 pm
Forum: Personal Consumer Issues
Topic: Do capital losses count against ACA MAGI?
Replies: 12
Views: 827

Re: Do capital losses count against ACA MAGI?

It would offset any capital gains up to $5k and up to $3k of regular income if there was any leftover. That would reduce your MAGI depending on your sources of income and likely help you qualify for ACA subsidies. But that loss might turn into a gain (or at least less of a loss) too so I'm not sure...
by bhsince87
Thu Mar 01, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Do capital losses count against ACA MAGI?
Replies: 12
Views: 827

Do capital losses count against ACA MAGI?

I'm pondering early retirement in the near future, and there's a possibility we might need to use ACA for health insurance. We would run very near the subsidy cliff. For example, for this years rates, total out of pocket max would be around $6k with subsidies, but over $30k if we went $1 over the cl...
by bhsince87
Thu Mar 01, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Physical cash
Replies: 121
Views: 8087

Re: Physical cash

. . . How fast do US bills go out of date? It is almost impossible to spend an old or worn USD notes in countries where USD is an informal 2nd currency. Here in the UK we are moving to polymer money and so £5, then $10 then £20 notes have all reached their end of use dates. Not sure about £50 notes...
by bhsince87
Wed Feb 28, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Physical cash
Replies: 121
Views: 8087

Re: Physical cash

I keep $200-$400 in my wallet, $200 in my backpack, $200 in each vehicle, and $10k at home in small fire safes. Mostly $20's and $100's I buy a lot of stuff off craigslist, etc., so I do get some turnover on it. The $200 in my truck came in handy a few weeks ago when I spent an hour in the grocery ...
by bhsince87
Tue Feb 27, 2018 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Sell individual stocks to buy index funds?
Replies: 45
Views: 3573

Re: Sell individual stocks to buy index funds?

27 and in the 24% tax bracket. At this point I believe cap gains are unavoidable. And I have the stocks invest through Schwab and elected to do dividend reinvestment. OK. At your age, I guess you're not expecting any low income years in the near future that might take you down into the zero cap gai...
by bhsince87
Tue Feb 27, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Sell individual stocks to buy index funds?
Replies: 45
Views: 3573

Re: Sell individual stocks to buy index funds?

Welcome to the board!!!

How old are you now, and what is your tax bracket? You might be able to sell them with no capital gain taxes.
by bhsince87
Tue Feb 27, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Physical cash
Replies: 121
Views: 8087

Re: Physical cash

I keep $200-$400 in my wallet, $200 in my backpack, $200 in each vehicle, and $10k at home in small fire safes. Mostly $20's and $100's I buy a lot of stuff off craigslist, etc., so I do get some turnover on it. The $200 in my truck came in handy a few weeks ago when I spent an hour in the grocery ...
by bhsince87
Tue Feb 27, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Physical cash
Replies: 121
Views: 8087

Re: Physical cash

I keep $200-$400 in my wallet, $200 in my backpack, $200 in each vehicle, and $10k at home in small fire safes. Mostly $20's and $100's I buy a lot of stuff off craigslist, etc., so I do get some turnover on it. The $200 in my truck came in handy a few weeks ago when I spent an hour in the grocery s...
by bhsince87
Mon Feb 26, 2018 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Laid off 3 years before plan, should I retire anyway?
Replies: 59
Views: 6157

Re: Laid off 3 years before plan, should I retire anyway?

Just be mindful of the ACA cliff. You may need to dial your expenses down a bit early on. The cut off is around $64-65k for a subsidy for a family of two adults. In our case, below the cut off, out out of pocket max (premiums-subsidy, plus deductibles) was about $6000 for this year. If we went one d...
by bhsince87
Mon Feb 26, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: 1,000th post and a 'No-Fail' Retirement Formula
Replies: 54
Views: 5875

Re: 1,000th post and a 'No-Fail' Retirement Formula

I didn't see this post before, but the "formula" as applied in Example 3 only works if your current portfolio is more than what you will need to withdraw after you take SS divided by 3, no? Otherwise, your figure is negative. I also have no idea what "expenses before taxes" are. I've heard of incom...
by bhsince87
Mon Feb 26, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: 1,000th post and a 'No-Fail' Retirement Formula
Replies: 54
Views: 5875

Re: 1,000th post and a 'No-Fail' Retirement Formula

I was just going back through this calculation based on new numbers for me, and I noticed something I missed before. For the "annual expenses minus passive income", you include dividends in the income category. Does this include dividends and INTEREST from the portfolio itself? And if so, is that w...
by bhsince87
Sat Feb 24, 2018 9:01 pm
Forum: Investing - Theory, News & General
Topic: Buffett's Shareholder Letter [2017]
Replies: 47
Views: 4397

Re: Buffett's Shareholder Letter [2017]

This line really jumped out at me:

"Investing is an activity in which consumption today is foregone in an attempt to allow greater consumption at a later date."
by bhsince87
Thu Feb 22, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking no-dividend stock with S&P-like performance
Replies: 12
Views: 1043

Re: Seeking no-dividend stock with S&P-like performance

Is there something you're not telling us? I don’t believe I’ve omitted anything important, but as I obviously appear to some to be “absolutely nuts” I’ll clarify that by “disproportionately burdensome” I mean an additional 60+ minutes for me and probably 30 minutes’ additional chargeable work for o...
by bhsince87
Thu Feb 22, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: 1,000th post and a 'No-Fail' Retirement Formula
Replies: 54
Views: 5875

Re: 1,000th post and a 'No-Fail' Retirement Formula

I didn't see this post before, but the "formula" as applied in Example 3 only works if your current portfolio is more than what you will need to withdraw after you take SS divided by 3, no? Otherwise, your figure is negative. I also have no idea what "expenses before taxes" are. I've heard of incom...
by bhsince87
Thu Feb 22, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: 1,000th post and a 'No-Fail' Retirement Formula
Replies: 54
Views: 5875

Re: 1,000th post and a 'No-Fail' Retirement Formula

I’m proud to submit my 1,000th post. I’m as proud doing this as when I was joining the two-comma club. That’s crazy, isn’t it? So for my one-comma post, I’ll put out this ‘no-fail’ retirement formula for all to see. If you’re in mid 50’s and start thinking about retirement. You can calculate whethe...
by bhsince87
Wed Feb 21, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding 2017 ACA Insurance >> Alternative to ACA until age 65 >>Possible Solutions??
Replies: 115
Views: 8206

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

One other thing to add, is get thee to a tax attorney or CPA ASAP! With his much money potentially on the line, spending a few thousand on a consultation might be worth it. They might be more familiar with workarounds, loopholes, etc., and be more willing to be more creative and aggressive on someth...
by bhsince87
Wed Feb 21, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding 2017 ACA Insurance >> Alternative to ACA until age 65 >>Possible Solutions??
Replies: 115
Views: 8206

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

In the past, have you treated your photography income as "hobby" or "business"? If you've treated it as a business, you should be able to count royalties as income, and at least contribute tat amount to an IRA for last year. It sounds like you are really close to the line, so any amount could help. ...
by bhsince87
Tue Feb 20, 2018 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: What do Bogleheads think of Passive income through Dividend Stocks
Replies: 58
Views: 6457

Re: What do Bogleheads think of Passive income through Dividend Stocks

What about investing the Bogleheads way and then selling some of the share for "passive income." How would this compare to investing in dividend stocks? Would this be the best of both worlds if you desired to have some kind of passive income to cover living expenses? Does this beat NOT investing th...
by bhsince87
Tue Feb 20, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: What do Bogleheads think of Passive income through Dividend Stocks
Replies: 58
Views: 6457

Re: What do Bogleheads think of Passive income through Dividend Stocks

The guy you link above, Ian, is using a similar strategy. And it looks like he began his collection of dividend stocks in 2009 and talks about his dividend yield based on initial cost. And this is the verbal/mathematical twist that makes this approach sound so appealing! Not completely dishonest, b...