Search found 289 matches

by middistancerunner
Thu Jan 16, 2020 12:34 am
Forum: Personal Consumer Issues
Topic: Holiday in Indonesia...not Bali?
Replies: 11
Views: 1016

Re: Holiday in Indonesia...not Bali?

I’ve never been, but I found this article “7 Best Places in Indonesia To Visit Which Are Not Bali” https://www.teacaketravels.com/best-places-in-indonesia-travel/ OMG, do not dress like the woman who wrote that article :oops: It's a progressive muslim country (outside of Bali) and not hard at all t...
by middistancerunner
Thu Jan 16, 2020 12:26 am
Forum: Personal Consumer Issues
Topic: Holiday in Indonesia...not Bali?
Replies: 11
Views: 1016

Re: Holiday in Indonesia...not Bali?

I used to live in Indonesia, about a decade ago. I found it a wonderful place to travel completely off the beaten path, but I did learn Indonesian while I was there, which helped a lot, as outside of areas that are known for tourism people don't necessarily speak English. Regular Indonesians are ins...
by middistancerunner
Tue Nov 26, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: Theory of Economics book recommendation desired
Replies: 29
Views: 2210

Re: Theory of Economics book recommendation desired

The quality of the above books is pretty variable, but they are all general and some of them are quite dated. Few of them give insight into modern economics *research.* I think you should consider books written by economists who are currently research-active and pushing the field forward. For exampl...
by middistancerunner
Fri Aug 16, 2019 4:12 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

I'd go all taxable. In addition to what you said in OP, you can donate appreciated shares or wait on a step-up in basis & so taxes aren't as inevitable as some would indicate. Donation could be to a donor advised fund. Since you are maxing retirement accounts anyway, the remainder would be either s...
by middistancerunner
Fri Aug 16, 2019 4:10 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

Sure; can we say for the sake of theoretical understanding that it's possible in theory for a person to have special insight that raises the expected value but doesn't eliminate downside risk? There's no premise that he *will* beat the market. The premise is that he thoroughly understands the compa...
by middistancerunner
Fri Aug 16, 2019 3:03 pm
Forum: Investing - Theory, News & General
Topic: Lawsuit suggests MIT allowed Fidelity to pack retirement plans with high-fee funds
Replies: 54
Views: 4997

Re: Lawsuit suggests MIT allowed Fidelity to pack retirement plans with high-fee funds

In my opinion, it would be foolish for anyone to try and buy a spot at MIT for their kid who is otherwise unqualified, assuming that is possible. They would not make it through Freshmen year. There are almost certainly a LOT of rejected kids at MIT who could easily make it through the Freshman year...
by middistancerunner
Fri Aug 16, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a graduate data science job offer, or doing a MSc in Statistics
Replies: 34
Views: 2425

Re: Taking a graduate data science job offer, or doing a MSc in Statistics

Echoing many others: take the job! You'll learn about the space, and may decide later a different degree is more appropriate. I don't think it's implausible that you'll want an advanced education, but you'll be much better placed to take advantage with work experience. FWIW, I interviewed for jobs i...
by middistancerunner
Fri Aug 16, 2019 2:32 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

His "special insight" objectively means nothing to me. The only thing I have to go by is what you've said. It is a random stock with the same expected return as any other stock, but much higher risk than a diversified index. In any case, accepting the premise that he *will* beat the market, I would...
by middistancerunner
Fri Aug 16, 2019 2:28 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

To the extent he believes this stock will outperform, Roth is the logical conclusion. To the extent he believes this stock may outperform but may also underperform, taxable is the logical conclusion. You pays your money and you takes your chances - and when you find your hindsight glasses you'll kn...
by middistancerunner
Fri Aug 16, 2019 2:13 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

To the extent he believes this stock will outperform, Roth is the logical conclusion. To the extent he believes this stock may outperform but may also underperform, taxable is the logical conclusion. You pays your money and you takes your chances - and when you find your hindsight glasses you'll kn...
by middistancerunner
Fri Aug 16, 2019 2:10 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

Op, Sometimes a smaller company will flourish or fail or stagnate. No one really knows what the future will bring. Will the market for the small company product grow? Will a competitor crush them? It is fine to believe in a small company but what does your partner know about the environment it oper...
by middistancerunner
Fri Aug 16, 2019 2:02 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

Op, Sometimes a smaller company will flourish or fail or stagnate. No one really knows what the future will bring. Will the market for the small company product grow? Will a competitor crush them? It is fine to believe in a small company but what does your partner know about the environment it oper...
by middistancerunner
Fri Aug 16, 2019 1:43 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

Taxable. Even if you manage to beat the market overall, you will have losses and taxable at least gives you the opportunity to get a tax deduction for them. Plus you don't want to waste valuable Roth space on speculative bets that are unlikely to work out. Also, and important clarification: it is n...
by middistancerunner
Fri Aug 16, 2019 1:35 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

livesoft wrote:
Fri Aug 16, 2019 1:25 pm
Don't lose money in a Roth IRA because contributions are limited and losses are not deductible. It is difficult to "top up" a Roth IRA after a big loss because of those limits.

So speculations of this sort should go in a taxable account.
Thank you for this response; this makes sense to me too.
by middistancerunner
Fri Aug 16, 2019 1:12 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

Taxable. Even if you manage to beat the market overall, you will have losses and taxable at least gives you the opportunity to get a tax deduction for them. Plus you don't want to waste valuable Roth space on speculative bets that are unlikely to work out. Also, and important clarification: it is n...
by middistancerunner
Fri Aug 16, 2019 1:03 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

Taxable. Even if you manage to beat the market overall, you will have losses and taxable at least gives you the opportunity to get a tax deduction for them. Plus you don't want to waste valuable Roth space on speculative bets that are unlikely to work out. Thanks for the insight. To be clear, this ...
by middistancerunner
Fri Aug 16, 2019 12:55 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Re: Single-stock investing in taxable or Roth?

mhalley wrote:
Fri Aug 16, 2019 12:39 pm
Dividends. If it has a high dividend, then Roth would be better.
Oh right. Forgot to mention that. Doesn't issue dividends.
by middistancerunner
Fri Aug 16, 2019 12:22 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1945

Single-stock investing in taxable or Roth?

Hi folks, My partner has decided he'd like to invest about $10K in the stock of a smallish, publicly-traded company. I know this is decidedly unbogleheadish, but I understand it even if I wouldn't do it myself: he interacts with this company in a professional context (it's adjacent to his profession...
by middistancerunner
Fri Aug 16, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone taken out an online mortgage?
Replies: 55
Views: 7129

Re: Has anyone taken out an online mortgage?

Also worth noting that Ally has a formal rate match guarantee. If you send them a formal loan estimate from another lender they will match the interest rate (not sure about closing costs) They were willing to match even my crazy-low subsidized mortgage rate, which was far below market rate (3.4% on...
by middistancerunner
Sun May 12, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Delinquent tax filing - how to account for carryover losses?
Replies: 14
Views: 809

Re: Delinquent tax filing - how to account for carryover losses?

Not a tax professional, but last year I helped someone file several years of unfiled returns including with carryover losses. All the advice above about needing to refile the 2017 and 2018 is correct as far as I understand. I also wanted to add that we called the IRS several times and were able to s...
by middistancerunner
Sun May 05, 2019 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 5496

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

As two high-income individuals with careers as physicians I don't see much reason to marry until you decide to have children. I agree with this most of all, but: My spouse and I married after 15 years together and already committed, mainly due to a health event and the realization of how that could...
by middistancerunner
Sun May 05, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 5496

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

OP, could you elaborate on the marriage tax penalties you’re referring to? The new tax law helped eliminate the most obvious of these by making the brackets for MFJ double those of filing single. Not OP, but I believe my partner and I would face a marriage penalty due to the new SALT limits, and co...
by middistancerunner
Sat May 04, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 5496

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

Also worth saying though that I don’t think ~$4,000 in tax savings should make the difference either way. And of course we’d save money elsewhere if we married, like I currently pay taxes on the health insurance my work provides him, and wouldn’t any longer. To OP, as a fellow non-married couple, we...
by middistancerunner
Sat May 04, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 5496

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

OP, could you elaborate on the marriage tax penalties you’re referring to? The new tax law helped eliminate the most obvious of these by making the brackets for MFJ double those of filing single. Not OP, but I believe my partner and I would face a marriage penalty due to the new SALT limits, and co...
by middistancerunner
Tue Apr 30, 2019 7:48 pm
Forum: Personal Investments
Topic: I'm 37, late to the game, worth about 35k...
Replies: 42
Views: 7506

Re: I'm 37, late to the game, worth about 35k...

Are you earning social security credits under your current employment? As I'm currently doing a year in the States, this is the first year since college that I've been earning credits (I'm currently at 36 of the 40 required to qualify for benefits). Which leads me to another question... Does your S...
by middistancerunner
Tue Apr 30, 2019 4:58 pm
Forum: Personal Investments
Topic: I'm 37, late to the game, worth about 35k...
Replies: 42
Views: 7506

Re: I'm 37, late to the game, worth about 35k...

Are you earning social security credits under your current employment?
by middistancerunner
Thu Apr 25, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Premium Tax Credit for ACA
Replies: 8
Views: 650

Re: Premium Tax Credit for ACA

Yes, sounds correct. As GTBuzz says, the tax credits stop at 400% FPL. Below that cutoff, premiums are set as a percentage of your income. Above that cutoff, premiums are the marketplace premiums. So, due to some recent events, overall marketplace premiums have risen somewhat. Because of how the ACA...
by middistancerunner
Tue Apr 23, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: At a crossroads on how much to put down towards new home
Replies: 32
Views: 2500

Re: At a crossroads on how much to put down towards new home

I brought my twins home to our 1,050 Sq ft home and proceeded to live there another 10 years. It can be done. You might even find what you want is different next year once the kids are there. Whether or not this is actionable for OP, I wanted to say thanks for this anecdote. Thinking about having a...
by middistancerunner
Sun Apr 21, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Tips
Replies: 32
Views: 2280

Re: First Time Home Buyer Tips

^^^^ The Boston RE market is expensive, and I know far too many people with incomes in the low-mid 100s and stay at home spouses buying 700-800k+ houses. Disaster waiting to happen. On the flip side, the expensive market means that the Dave Ramsey 15 year mortgage approach is probably out of reach ...
by middistancerunner
Sun Apr 21, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Tips
Replies: 32
Views: 2280

Re: First Time Home Buyer Tips

Home inspection including sewer cam. Condition of siding, windows, HVAC, insulation, roofing, foundation, ETC. Other general deal breakers: 20% Down min 15 Year Fixed Max term Don’t buy with partner unless married. Been there, got the T Shirt. Major disaster. Can we scream the “not until married” a...
by middistancerunner
Tue Apr 16, 2019 2:15 pm
Forum: Personal Investments
Topic: Help understanding mom's Transamerica variable annuity
Replies: 17
Views: 741

Re: Help understanding mom's Transamerica variable annuity

Remember that she is only 3 years away from RMDs. An RMD for a non annuitized IRA annuity of this nature can sometimes be calculated from the cash value, but if certain fringe benefits are high enough, only the insurance company can calculate the RMD for the IRA annuity because the value of the fri...
by middistancerunner
Tue Apr 16, 2019 2:09 pm
Forum: Personal Investments
Topic: Retirement Advice - Annuity or Not? RMD?
Replies: 27
Views: 1818

Re: Retirement Advice - Annuity or Not? RMD?

Accounts: -Annuity, with a guaranteed 7% growth: $165,000 My thought was to supplement my monthly income with my checking/savings and letting my Annuity and Roth grow. However, I need to start taking money out of my annuity at age 70.5 due to RMD. I'm debating if allowing the Annuity to grow is rea...
by middistancerunner
Tue Apr 16, 2019 1:38 pm
Forum: Personal Investments
Topic: Help understanding mom's Transamerica variable annuity
Replies: 17
Views: 741

Re: Help understanding mom's Transamerica variable annuity

"Withdrawals from a VA are tax deferred so there would never be a reason to place one in a tax-favored account like an IRA." Ugghhhhhhhghh :oops: :oops: :oops: :oops: Thanks for this - I'll show it to her. I would assume there are no surrender fees given this VA was started years ago. But I want ot...
by middistancerunner
Tue Apr 16, 2019 1:35 pm
Forum: Personal Investments
Topic: Help understanding mom's Transamerica variable annuity
Replies: 17
Views: 741

Re: Help understanding mom's Transamerica variable annuity

DarkHelmetII wrote:
Tue Apr 16, 2019 1:32 pm
"Withdrawals from a VA are tax deferred so there would never be a reason to place one in a tax-favored account like an IRA."
Ugghhhhhhhghh :oops: :oops: :oops: :oops:

Thanks for this - I'll show it to her.
by middistancerunner
Tue Apr 16, 2019 1:28 pm
Forum: Personal Investments
Topic: Help understanding mom's Transamerica variable annuity
Replies: 17
Views: 741

Re: Help understanding mom's Transamerica variable annuity

Thanks very much all. Just got off the phone - conference call with mom, a Vanguard rep, and a Transamerica rep. Apparently, if you get Vanguard to call into them for a conference call, they can get an insurance agent on the line with actual answers. Still no word from the person making a commission...
by middistancerunner
Tue Apr 16, 2019 11:55 am
Forum: Personal Investments
Topic: Help understanding mom's Transamerica variable annuity
Replies: 17
Views: 741

Re: Help understanding mom's Transamerica variable annuity

Fees: Are those... 1.25% ERs on the whole amount?? :confused Generally yes, on the actual value of the annuity account. Sheesh. So, there are two accounts, right? One is the account value that is for being annuitized, with the 6% guaranteed growth. The other is based on her equity investments, and ...
by middistancerunner
Tue Apr 16, 2019 11:10 am
Forum: Personal Investments
Topic: Help understanding mom's Transamerica variable annuity
Replies: 17
Views: 741

Re: Help understanding mom's Transamerica variable annuity

Some additional questions: Fees: Before the annuity commencement date: Death Benefit Option P: Return of Premium Mortality and Expense Risk Fee and Administrative Charge: 1.25% After the annuity commencement date: Mortality and Expense Risk Fee and Administrative Charge: 1.25% Are those... 1.25% ERs...
by middistancerunner
Tue Apr 16, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of NSF REU undergraduate research stipend
Replies: 51
Views: 13812

Re: Taxation of NSF REU undergraduate research stipend

I finished typing out Form 5329 for years 2012 and 2013. I've written a letter to the IRS to include with these forms to explain the situation. Of course, as I'm writing the letter I realize that the NSF Publication cited above ( NSF 13-542 ) was posted on February 22, 2013. This replaced NSF Publi...
by middistancerunner
Tue Apr 16, 2019 10:32 am
Forum: Personal Investments
Topic: Help understanding mom's Transamerica variable annuity
Replies: 17
Views: 741

Help understanding mom's Transamerica variable annuity

Hi forum, My mom bought a Transamerica variable annuity product inside a Traditional IRA in April 2002, and I'm trying to help her understand it. The people at Transamerica have been really unhelpful - the general customer service line is staffed by people who apparently aren't insurance agents so c...
by middistancerunner
Sun Apr 14, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Minor received 1099-MISC for Internship
Replies: 27
Views: 1834

Re: Minor received 1099-MISC for Internship

You might find this thread helpful, especially the recent posts: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=159791 Academic scholarship/fellowship income is often paid on a 1099-MISC, and that may explain why they did it this way. It sometimes ends up in Box 7. If her internship meets this...
by middistancerunner
Sat Apr 13, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Money Market Account - tell me about your experience
Replies: 25
Views: 2719

Re: Ally Money Market Account - tell me about your experience

The Ally MM account is pointless. Just open a checking account and 2 savings accounts. Transfer money to the checking account as needed via Ally app. Takes 30 seconds. The checking account has unlimited transactions and free ATMs. The second savings account is so you can do 11 transfers a month ins...
by middistancerunner
Thu Apr 11, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: Boston area - nice towns for families
Replies: 80
Views: 5525

Re: Boston area - nice towns for families

Thanks all, to add more info if it helps, we would rather be more rural than close to Boston. We live in a smallish suburb of Portland now and our kids are more comfortable with chickens than subways :) Pourquoi pas les deux? :P https://www.bostonmagazine.com/health/2015/04/03/chicken-keeping-bosto...
by middistancerunner
Thu Apr 11, 2019 3:12 pm
Forum: Personal Consumer Issues
Topic: Boston area - nice towns for families
Replies: 80
Views: 5525

Re: Boston area - nice towns for families

West Roxbury might meet your needs, if you want to be more in town. Even more in town is Jamaica Plain. Beautiful, and kinda west-coast-y in spirit and style. The reverse commute would probably be ok, but I'm not 100% sure. I also think you'd probably find stuff in your price range, though I don't k...
by middistancerunner
Tue Apr 09, 2019 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Finding buyer's agent if we might buy our current rental
Replies: 8
Views: 570

Re: Finding buyer's agent if we might buy our current rental

Echoing mega317, it doesn’t seem like you need to disclose this necessarily. But before signing a contract with a buyer’s agent, read it closely. From a bit of searching online, it seems that in some cases, the contract specifies that if you buy any house during the time period while you’re under co...
by middistancerunner
Sun Apr 07, 2019 12:36 pm
Forum: Personal Consumer Issues
Topic: Huge AirBNB Cancellation Charge
Replies: 123
Views: 8701

Re: Huge AIrBNB Cancellation Charge

That's bad. But if the host canceled your reservation, I believe that the days would be blocked so the host couldn't take in new guests (at least on Airbnb) for those dates. I don’t know exactly how the host penalties work, and whether this is correct or not, but I think a big part of this scammy b...
by middistancerunner
Sun Apr 07, 2019 11:47 am
Forum: Personal Consumer Issues
Topic: Huge AirBNB Cancellation Charge
Replies: 123
Views: 8701

Re: Huge AIrBNB Cancellation Charge

My problem with these sites is the ability for the host to cancel for any reason with very short notice. In this case are there state contract laws that could help you? For example, I know in CT you have the right to cancel certain contracts within three days. Might be worth looking into. AirBnB ca...
by middistancerunner
Wed Apr 03, 2019 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of NSF REU undergraduate research stipend
Replies: 51
Views: 13812

Re: Taxation of NSF REU undergraduate research stipend

:idea: :idea: :idea: :idea: ! Is it possible to retroactively "carry forward" an excess Roth contribution? Does any paper work actually have to be filed to "carry forward" the excess contribution? DW did not make a Roth IRA contribution in 2013. She had $10,495 in W-2 income that year so she would ...
by middistancerunner
Tue Apr 02, 2019 6:41 pm
Forum: Personal Consumer Issues
Topic: Which Jura Super Automatic Coffee Machine and any sales?
Replies: 12
Views: 1187

Re: Which Jura Super Automatic Coffee Machine and any sales?

I like the concentration/taste at that size, and just hit the button 4-5 times. Great, thanks for the info. I think I'll go with it as I don't need anything fancy with bells and whistles. And I assume the A1 brews just as well as some of the more expensive ones - the E6 I've tried makes very smooth...
by middistancerunner
Tue Apr 02, 2019 3:57 pm
Forum: Personal Consumer Issues
Topic: Which Jura Super Automatic Coffee Machine and any sales?
Replies: 12
Views: 1187

Re: Which Jura Super Automatic Coffee Machine and any sales?

We got a factory refurbished Jura A1 about a year ago and it was the best decision ever. We paid $500. We use a separate milk frother so can’t speak to the integrated kind. It was both refurbished and on sale directly from Jura. I'm fine with the separate milk frother too. Do you find the A1 versat...
by middistancerunner
Tue Apr 02, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of NSF REU undergraduate research stipend
Replies: 51
Views: 13812

Re: Taxation of NSF REU undergraduate research stipend

Thanks, middistancerunner, for all your help. Tonight my wife and I will look at her old bank transaction history to see if we can figure anything else out. Who knew that a 10 week summer program could cause so many tax issues?! :annoyed Yeah - welcome to the academic world and me filing taxes for ...