Search found 871 matches

by Fat-Tailed Contagion
Sun Mar 24, 2019 9:10 pm
Forum: Personal Consumer Issues
Topic: Moving from NY to St Petersburg FL
Replies: 9
Views: 1272

Re: Moving from NY to St Petersburg FL

I lived near downtown St. Pete, FL.

Great weather, relatively relaxed area, low/no taxes, lower regulations, much more Individual Freedom than NY.

Good luck if you decide to move.
by Fat-Tailed Contagion
Fri Mar 22, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 139
Views: 13329

Re: Are RMDs that bad if you're not an over-saver?

Step 1. Pay the Taxation Is Theft :moneybag

Step 2. Invest the unused balance in a Taxable account according to your IPS. :idea:
by Fat-Tailed Contagion
Mon Feb 04, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Trip to San Francisco & San Jose - tips on travel
Replies: 20
Views: 1144

Re: Trip to San Francisco & San Jose - tips on travel

You may want to consider downloading the App 'SnapCrap'

It alerts users to avoid and/or report the feces and used syringes on the city streets.
by Fat-Tailed Contagion
Sat Feb 02, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Just did my taxes.
Replies: 38
Views: 2685

Re: Just did my taxes.

1. Doubled Standard Deduction & Doubled Child Tax Credits & Lower Marginal Tax Rates will lower Federal tax bills for lower income people and families with children 17 years old or less. 2. The SALT (State & Local Tax) Deduction limited to $10,000 will increase Federal tax bills for higher income pe...
by Fat-Tailed Contagion
Sat Feb 02, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: Small-Cap Value Funds: Then And Now
Replies: 29
Views: 3904

Re: Small-Cap Value Funds: Then And Now

Buy Signal?

Reminder to always view asset classes to context of entire portfolio including correlation coefficients and rebalancing opportunities.

A major human bias is looking at short-term past performance of an asset class and thinking/(knowing) it will continue to be so in the future.
by Fat-Tailed Contagion
Mon Jan 28, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is health insurance still required at risk of penalty?
Replies: 22
Views: 1337

Re: Is health insurance still required at risk of penalty?

No, the Tax Cut & Jobs Act eliminated the "Individual Mandate" - the "tax" paid for refusing to buy expensive govt-mandated health insurance.
by Fat-Tailed Contagion
Fri Jan 25, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Implementing a wealth tax
Replies: 64
Views: 3281

Re: Implementing a wealth tax

Following this logic, it assumes that a Federal Govt Bureaucracy "earned" these assets more than Bob's son "earned" these assets. :confused Isn’t inheritance tax a form of “wealth tax”. I used to think that way too but if you can also see it as a "Windfall" tax. The thinking goes something like this...
by Fat-Tailed Contagion
Fri Jan 25, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Implementing a wealth tax
Replies: 64
Views: 3281

Re: Implementing a wealth tax

Good point. And with a 5-4 (6-3) SCOTUS skeptical of Federal Govt power overreach it would make this "wealth tax" even less likely to stand up. Prior to 1913, with the creation of IRS and Fed Reserve, taxation was considered theft. The US constitution would seem to prohibit a federal wealth tax in t...
by Fat-Tailed Contagion
Thu Jan 17, 2019 11:24 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 50855

Re: John Bogle has died at age 89

RIP Saint Jack

Thank you!
by Fat-Tailed Contagion
Wed Jan 16, 2019 1:10 am
Forum: Personal Consumer Issues
Topic: Gillette Mach 3 alternatives
Replies: 81
Views: 7045

Re: Gillette Mach 3 alternatives

Dollar Shave Club or Schick are options.

Haven't heard of Costco razors but interested.

Good chance they are Gillette razors rebranded.
by Fat-Tailed Contagion
Fri Aug 03, 2018 10:23 pm
Forum: Personal Consumer Issues
Topic: LAPTOP: Huawei Matebook Pro vs. Dell XPS
Replies: 13
Views: 1634

LAPTOP: Huawei Matebook Pro vs. Dell XPS

Which would you suggest or other similar laptop?

I am leaning to Matebook due to value for performance.

XPS has better screen (4k vs 3k). Does that matter.

I use mainly for internet browsing, social media, edit photo and video, and watching youtube tv shows.

Any thoughts are appreciated.

FATTY
by Fat-Tailed Contagion
Sun Jul 22, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: "4 Reasons Why We Overcomplicate Investing"
Replies: 30
Views: 5434

Re: "4 Reasons Why We Overcomplicate Investing"

5. The "Mainstream" Media Industrial Complex Remember that the Media companies are a highly concentrated conglomerate working hand in hand with the Financial Services industry to frame and drive the false narratives. Another major barrier that the average normie must overcome to find investment succ...
by Fat-Tailed Contagion
Wed Jul 11, 2018 1:34 am
Forum: Personal Consumer Issues
Topic: Wired/Wireless Headphones with Mic
Replies: 8
Views: 912

Re: Wired/Wireless Headphones with Mic

I guess I don't need it. But what about outside noise?

Good for calls?
by Fat-Tailed Contagion
Sat Jul 07, 2018 1:57 am
Forum: Personal Consumer Issues
Topic: Wired/Wireless Headphones with Mic
Replies: 8
Views: 912

Wired/Wireless Headphones with Mic

Hi Guys,

Im in the market for a over the ear headphone to watch TV and make phone calls.

Looking at Bose, Sony, and V-Moda.

Noise cancel would be nice but not mandatory.

What do you recommend?
by Fat-Tailed Contagion
Sat Jul 07, 2018 1:55 am
Forum: Personal Consumer Issues
Topic: Global Wallet/Organizer
Replies: 4
Views: 508

Global Wallet/Organizer

Hi Guys,

I am in the market for a large wallet/organizer for many credit cards, gift cards, etc.

I was looking at Tumi but was wondering what you suggest?

Thank you!

Fatty
by Fat-Tailed Contagion
Fri Apr 20, 2018 12:01 am
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 198
Views: 20506

Re: Is Los Angeles a good place long term to live financially?

Only if you prefer tiny spaces, high rents, expensive parking, packed highways, and high taxes.

If so, come on out! :sharebeer
by Fat-Tailed Contagion
Thu Apr 05, 2018 9:49 pm
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 338
Views: 30146

Re: Anyone Deleting Facebook?

I didn't have to delete it, Zucc deleted mine for "Thought Crimes".

"Wrong Think" is a mortal sin in Zucc Land.

Welcome back to 1984 :sharebeer
by Fat-Tailed Contagion
Tue Feb 06, 2018 1:16 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 191
Views: 25689

Re: Bitcoin in Freefall

What's the Bottom Call for Bitcoin?
by Fat-Tailed Contagion
Sat Jan 06, 2018 11:31 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38504

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

What is Bogle doing working/speaking with CFR?

These are very sketchy people.
by Fat-Tailed Contagion
Thu Jun 08, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 9757

Re: How to deal with a personal finance cynic

Respond with: "You might be right."

And then Let It Go...
by Fat-Tailed Contagion
Thu Jun 08, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Does anyone read the Wall Street Journal?
Replies: 58
Views: 10884

Re: Does anyone read the Wall Street Journal?

Not anymore.

It is clear that the Media has been compromised by political special interest groups and have become propaganda blogs for the "elitist" owners.

I would suggest avoiding them all and do your own investigative research.

Caveat Emptor.
by Fat-Tailed Contagion
Thu Jun 01, 2017 12:09 am
Forum: Investing - Theory, News & General
Topic: CryptoCurrency ETF or Buy Bitcoin/Crypto Direct?
Replies: 52
Views: 6987

CryptoCurrency ETF or Buy Bitcoin/Crypto Direct?

What are the Pros/Cons of these two strategies for investing in the future of Crypto?

Thank you !
by Fat-Tailed Contagion
Sat Jan 07, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: Callan Periodic Table of Investment Returns
Replies: 1
Views: 686

Callan Periodic Table of Investment Returns

When is this usually published after year end?
by Fat-Tailed Contagion
Wed Dec 21, 2016 1:59 pm
Forum: Personal Investments
Topic: Roth Conversion - Underwithholding Tax Penalty?
Replies: 24
Views: 1739

Re: Roth Conversion - Underwithholding Tax Penalty?

Do I need to file or send any Form along with the DirectPay payment for estimated taxes? No. There'll be a pull-down menu asking the purpose of the payment, and you'll choose Estimated Taxes. Visit the website. It was designed to be the easy path for IRS electronic payment by individual taxpayers. ...
by Fat-Tailed Contagion
Wed Dec 21, 2016 1:09 pm
Forum: Personal Investments
Topic: Roth Conversion - Underwithholding Tax Penalty?
Replies: 24
Views: 1739

Re: Roth Conversion - Underwithholding Tax Penalty?

Do I need to file or send any Form along with the DirectPay payment for estimated taxes?
by Fat-Tailed Contagion
Wed Dec 21, 2016 12:38 pm
Forum: Personal Investments
Topic: Roth Conversion - Underwithholding Tax Penalty?
Replies: 24
Views: 1739

Re: Roth Conversion - Underwithholding Tax Penalty?

Thank you all for the info! So here is my plan. 1. I will convert $45k from IRA to Roth IRA creating a taxable event of ~$5k on or around 12/27/16 2. I will send the IRS a pre-payment around Jan. 3 via DirectPay (the payment will come from a taxable bond fund and trigger cap gains so I prefer to do ...
by Fat-Tailed Contagion
Tue Dec 20, 2016 8:47 pm
Forum: Personal Investments
Topic: Roth Conversion - Underwithholding Tax Penalty?
Replies: 24
Views: 1739

Re: Roth Conversion - Underwithholding Tax Penalty?

State is Florida.

We were planning on doing a 40-45k Roth Conversion next week before year end.

Any thoughts?
by Fat-Tailed Contagion
Tue Dec 20, 2016 7:22 pm
Forum: Personal Investments
Topic: Roth Conversion - Underwithholding Tax Penalty?
Replies: 24
Views: 1739

Re: Roth Conversion - Underwithholding Tax Penalty?

From what I can discern from the generous responses, my option is to make a payment before 1/15/17 to avoid any penalty.

Question: What is the best method of payment? Electronic, Physical Check? How is the payment dated? When receieved?

Thank you!
by Fat-Tailed Contagion
Tue Dec 20, 2016 3:12 pm
Forum: Personal Investments
Topic: Roth Conversion - Underwithholding Tax Penalty?
Replies: 24
Views: 1739

Re: Roth Conversion - Underwithholding Tax Penalty?

You should not own an underpayment payment penalty as long as the amount withheld during 2016 was at least 100% of the total income tax for 2015 (at least 110% if your adjusted gross income for 2015 was more than $150,000 (more than $75,000 for those with a 2016 filing status of married filing sepa...
by Fat-Tailed Contagion
Tue Dec 20, 2016 1:56 pm
Forum: Personal Investments
Topic: Roth Conversion - Underwithholding Tax Penalty?
Replies: 24
Views: 1739

Re: Roth Conversion - Underwithholding Tax Penalty?

pshonore wrote:If you're doing it for 2016, just make an estimated payment for the difference by 1/15/17 ( and be prepared to possibly file Form 2210 with your return)
What is Form 2210 and will this be included in tax software that I do my taxes with? (TurboTax or HRBlock ex.)
by Fat-Tailed Contagion
Tue Dec 20, 2016 1:45 pm
Forum: Personal Investments
Topic: Roth Conversion - Underwithholding Tax Penalty?
Replies: 24
Views: 1739

Roth Conversion - Underwithholding Tax Penalty?

Hi Bogleheads. Retired couple with $3-3.5K in taxes withheld from pensions this year (Tax Year 2016) Payed much more in tax last year (2015) Would like to convert $40-45k in IRA to Roth (15% Tax Bracket) I would go from a refund of $1,300 to a tax payment of $5k to do this. How do I do this and avoi...
by Fat-Tailed Contagion
Mon Dec 12, 2016 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software for 2016?
Replies: 24
Views: 5640

Re: Tax Software for 2016?

We used to do our own taxes years ago, but used a CPA for last 10 years or so. We have PCs. Sounds like TurboTax or HR Block are equals, and taxslayer may be less expensive but not quite as extensive? What edition of the software is sufficient for simple investment type transactions? Cap losses, gai...
by Fat-Tailed Contagion
Mon Dec 12, 2016 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software for 2016?
Replies: 24
Views: 5640

Tax Software for 2016?

Hi guys,

What suggestions for a couple (68 & 66) with a small pension income, own home, some investment income and cap gains...to file taxes using software for the first time? State = FL

Thank you for any guidance.

FTC
by Fat-Tailed Contagion
Sun Jul 31, 2016 1:26 pm
Forum: Investing - Theory, News & General
Topic: How can markets keep going up ?
Replies: 131
Views: 14645

Re: How can markets keep going up ?

0% Interest Rates and Quantitative Easing => Market Manipulation.

Will it end at some point? Who knows?
by Fat-Tailed Contagion
Fri Jul 15, 2016 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: I created dependency, now what?
Replies: 50
Views: 7328

Re: I created dependency, now what?

This is a tough one as you have enabled the family to become dependent on your welfare, like any welfare situation will do due to the way our brains are wired. They are addicted to the money and you are their dealer at this point. They have no incentive to make any changes. You could attend some Cod...
by Fat-Tailed Contagion
Fri Jul 15, 2016 7:39 pm
Forum: Investing - Theory, News & General
Topic: NEED HELP: Creating an Asset Class Valuation Model
Replies: 6
Views: 1334

Re: NEED HELP: Creating an Asset Class Valuation Model

Bump to see if I can get some input. Looking to create a relative asset class valuation spreadsheet.

I am looking for ideas and data sources to use.

Thanks!
by Fat-Tailed Contagion
Mon Jul 11, 2016 12:29 pm
Forum: Investing - Theory, News & General
Topic: NEED HELP: Creating an Asset Class Valuation Model
Replies: 6
Views: 1334

NEED HELP: Creating an Asset Class Valuation Model

Hi Bogleheads,

I have a desire to create an Asset Class Valuation Model spreadsheet.

I want to clearly see how various Asset Classes measure up to each other based upon valuations.

Can anyone give me some ideas on how to do this and where to pull the data from?

Thank you!

-FTC
by Fat-Tailed Contagion
Wed Jun 08, 2016 5:33 pm
Forum: Personal Consumer Issues
Topic: Best Smartphone to use on Cricket?
Replies: 9
Views: 1053

Re: Best Smartphone to use on Cricket?

You could buy ATT GoPhone 5" Lumia 640 for $30 (saw it at local Target couple weeks ago for $15), or 5.5" ZTE Zmax 2 for $100 (was on sale for $50). Email ATT to have it unlocked, takes 2 business days to get the code. Then switch to Cricket and get a signing bonus for bringing over Sprint number. ...
by Fat-Tailed Contagion
Wed Jun 08, 2016 12:39 pm
Forum: Personal Consumer Issues
Topic: Best Smartphone to use on Cricket?
Replies: 9
Views: 1053

Re: Best Smartphone to use on Cricket?

If you are going to Windows Phone, then the $119 Lumia 650 would be a good option. Cricket sells the 650 right from their website, so everything will work right out of the box. No APN or other settings that you might have to mess with on an unlocked phone. Slightly smaller than the 640 XL but newer...
by Fat-Tailed Contagion
Wed Jun 08, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Best Smartphone to use on Cricket?
Replies: 9
Views: 1053

Best Smartphone to use on Cricket?

Hi Guys, I looked at a Microsoft Lumia 640 XL (unlocked) for $199. Looks like a great phone. I want a larger screen for internet use. Any other ideas on great phones for internet and phone/text usage? Most likely will migrate to Cricket from Sprint. *Currently have a 2-year old iPhone 4s that is slo...
by Fat-Tailed Contagion
Sun May 08, 2016 10:02 pm
Forum: US Chapters
Topic: HAPPY BIRTHDAY, MR. BOGLE! May 8, 2016
Replies: 52
Views: 6093

Re: HAPPY BIRTHDAY, MR. BOGLE! May 8, 2016

Happy Birthday, St. Jack!

The intellect of a genius, the Spirit of a Warrior, and the Heart of a Saint.

God bless.
by Fat-Tailed Contagion
Mon May 02, 2016 6:14 pm
Forum: Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 131
Views: 24055

Re: What to do with VGPMX (Vanguard Precious Metals and Mining)?

ratsnest74 wrote:How high can it go?
"Nobody knows nothin'"- St. Jack
by Fat-Tailed Contagion
Sat Apr 30, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Small Overpayment on Taxes?
Replies: 13
Views: 1692

Re: Small Overpayment on Taxes?

What about the CA State return?
by Fat-Tailed Contagion
Sat Apr 30, 2016 11:13 am
Forum: Investing - Theory, News & General
Topic: “Markets Have ‘Borrowed’ Returns from the Future”
Replies: 17
Views: 3311

Re: “Markets Have ‘Borrowed’ Returns from the Future”

That's probably accurate. To some extent that's the Fed's job, to smooth out the boom and bust cycle. The only problem is they create far more boom and bust cycles than they smooth out. According to this list , created, from 1785 to 1914 I count 31 recessions and from 1915 to the present I count 18...
by Fat-Tailed Contagion
Sat Apr 30, 2016 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Small Overpayment on Taxes?
Replies: 13
Views: 1692

Re: Small Overpayment on Taxes?

FiveK wrote:
Fat-Tailed Contagion wrote: 2. Amend it? How?
Form 1040X. From what you described it should be straightforward.

If you are paying, say, 25% federal and 8% CA then you will get $18 back. Up to you....
Is there a fee to file a Form 1040X ? Where do I get it ?
by Fat-Tailed Contagion
Fri Apr 29, 2016 10:11 pm
Forum: Investing - Theory, News & General
Topic: “Markets Have ‘Borrowed’ Returns from the Future”
Replies: 17
Views: 3311

Re: “Markets Have ‘Borrowed’ Returns from the Future”

That's probably accurate. To some extent that's the Fed's job, to smooth out the boom and bust cycle. The only problem is they create far more boom and bust cycles than they smooth out. I agree with the premise of this article. Expected returns are; 1. Cash = 0% 2. Bonds = 2% 3. Stocks = 4% (nominal)
by Fat-Tailed Contagion
Fri Apr 29, 2016 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Small Overpayment on Taxes?
Replies: 13
Views: 1692

Small Overpayment on Taxes?

Hi Bogleheads, I used H&R Block $9.95 + 14.95 (state e-file fee for CA) and was happy with it. I mistakenly added a $55 Interest Income payment that was from 2014 onto my 2015 taxes, causing a small overpayment of Federal and CA state taxes. What would you do? 1. Forget about it? 2. Amend it? How? 3...
by Fat-Tailed Contagion
Fri Apr 29, 2016 8:49 pm
Forum: Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 131
Views: 24055

Re: What to do with VGPMX (Vanguard Precious Metals and Mining)?

VGPMX @ 10.57

Up 90.5% from Jan 16 low of 5.55.
by Fat-Tailed Contagion
Tue Apr 26, 2016 9:09 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 326
Views: 59256

Re: Any books really change your outlook on life?

Anything by Thomas Sowell for the linear realm.