Search found 966 matches

by mike_slc
Tue Jun 19, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Shorting Amazon
Replies: 44
Views: 3151

Re: Shorting Amazon

I am getting the itch to short Amazon. I have been watching it for a while and now that it has crossed 1700, I don't really see much upside in that stock. Don't get me wrong - they have done well and are a highly inventive company. However, their valuation and future growth required to be anywhere ...
by mike_slc
Fri May 18, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

Google told me the answer - no earned income required. I would just need to find an ACA plan that is HSA eligible.
by mike_slc
Fri May 18, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

furwut wrote:
Fri May 18, 2018 5:37 pm
If it is appropriate for you, selecting an HSA elgible policy and making a HSA contribution modestly lowers your ACA MAGI.
Good idea. Do you happen to know if you need earned income to take the HSA deduction?
by mike_slc
Fri May 18, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

A lot depends on portfolio size and amount of tax advantaged space too. An extreme example: If your tax advantaged space was big enough to hold your entire bond allocation and you held nothing but individual non-dividend paying stocks in taxable (so you could manage the CG) then you'd potentially h...
by mike_slc
Fri May 18, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

To maximize your ACA subsidy, fill taxable space in order of increasing dividend/interest distributions by allocating in the following order until taxable space is full: First, maximize annual I-bond and EE bond purchases. Second would be tax-efficient US equity. You can reduce realized dividend in...
by mike_slc
Fri May 18, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

Yes, the cliff is indeed a cliff - and there are two of them. You lose out if your income is too low or too high. The following is a link to an excellent article. It's three years old but you can adjust the numbers easily enough by looking up the latest federal poverty level (FPL). https://rootofgo...
by mike_slc
Fri May 18, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

If you want to be able to control your ACA MAGI down to the dollar the method that I use is to (have my wife) earn a small amount of employment income and then use the traditional IRA deduction before April 15th of the next tax year. Can you explain this in more detail or point me to some online re...
by mike_slc
Fri May 18, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

Ok thanks. I will check out the tax-managed funds. Am I understanding correctly that the 400% cliff is just that - a true cliff, if you're below you get a decent subsidy and if you're above you get $0? It's not a normal straight-line phase out like other credits? It seems like I should definitely st...
by mike_slc
Fri May 18, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

MP123 wrote:
Fri May 18, 2018 1:20 pm
Tax exempt muni income gets added back in to calculate MAGI for ACA purposes. Unfortunately.
Oh no. Well that is a huge bummer and definitely requires some re-organization. Thanks!
by mike_slc
Fri May 18, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Need Help: Early Retirement, ACA Subsidies, Asset Location

I am getting pretty close to early retiring and I'm thinking about what if any reorganization I need to do with my portfolio. For the last ten years I've followed the standard advice here on asset location - I hold TSM (VTI/VV) and TISM (VXUS/VEU) in taxable and SCV (VBR) in tax-advantaged. This adv...
by mike_slc
Mon Oct 30, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: What’s a safe formula for assets needed to retire?
Replies: 58
Views: 5429

Re: What’s a safe formula for assets needed to retire?

(85 - age) * annual expenses + one time expenses 40 year old with 200k college expenses and 100k annual expenses: (85 - 40) * 100k + 200k = 4.7M 60 year old with 50k annual expenses and no more one time expenses: (85 - 60) * 50k = 1.25M Obviously does not work the closer you are to 85, but a good ap...
by mike_slc
Mon Sep 11, 2017 5:50 pm
Forum: Investing - Theory, News & General
Topic: China to ban petrol cars
Replies: 64
Views: 5907

Re: China to ban petrol cars

http://www.bbc.com/news/business-41218243 I can not believe it is happenning USA used to be the leader in these things but now look who is more bold. So you think the US should be the leader in banning petrol cars? of course electric cars are the future This may be true, however there are several p...
by mike_slc
Fri Sep 08, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Guaranteed 7% Real Estate Deal: Pull from Stock Market?
Replies: 36
Views: 4536

Re: Guaranteed 7% Real Estate Deal: Pull from Stock Market?

I've come across a large Real Estate Investment that will guarantee me a minimum of 7% for the next 10 years. Long Story Short we have 2, 10 year contracts in hand from Fortune 500 companies to rent a large facility on a large piece of land we have under contract in a major city, the facility is no...
by mike_slc
Thu May 04, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 248
Views: 34186

Re: Where to Live on $60K or Less a Year?

St. George, UT ticks all your boxes.
by mike_slc
Wed Apr 12, 2017 5:23 am
Forum: Investing - Theory, News & General
Topic: Rebalancing to control risk doesn't make sense to me
Replies: 175
Views: 14398

Re: Rebalancing to control risk doesn't make sense to me

Or, I guess it does, if we define risk as volatility. But why do we need to control volatility? What's wrong with that? Really, what we're afraid of is not having money when we need it, right? The real risk we want to avoid is running out of money. Have you lived through real volatility with real m...
by mike_slc
Fri Mar 03, 2017 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 19663

Re: Possibly Financially Independent and Feeling Miserable

Your worries are irrational and destructive to your happiness. I would recommend doing a bit of reading on stoic philosophy and the art of negative visualization, it has helped me immensely with the same kind of problem.
by mike_slc
Fri Feb 17, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Service problems in the news
Replies: 24
Views: 4010

Re: Vanguard Service problems in the news

Products - great. Service - god awful. I have wasted countless hours of my life trying to get the simplest things done with them. Takes 20 minutes usually to get to the right person on the phone, I'd say about 25% of the time I get disconnected, and when that happens whoever you were speaking with d...
by mike_slc
Sat Feb 11, 2017 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 170
Views: 31394

Re: Wow, Vanguard Flagship service is bad. Really bad.

I have never had a good service experience with Vanguard. I frankly wish they'd keep a few extra basis points and fix their customer service.
by mike_slc
Tue Jan 10, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 224
Views: 22420

Re: How Bad was 2008, really?

There was serious talk that we were headed into another Great Depression. Please were very scared. I didn't have that much cash lying around at that time so I sold my car, an Audi A3, to buy stocks. Drove my camper van around instead. I could buy an R8 with that money now. :-)
by mike_slc
Tue Oct 18, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Should I stop watching my investments? Negative ROI feels bad.
Replies: 48
Views: 4392

Re: Should I stop watching my investments? Negative ROI feels bad.

Consider this a really cheap lesson on your personal risk tolerance. If losing $17 feels bad, imagine how losing $1k, $10k, $100k might feel and choose your AA accordingly.
by mike_slc
Sun Jul 31, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 202
Views: 19517

Re: Early retirees, how much did you leave on the table?

I'm curious TheTime Lord why do you ask? I left tons of money on the table by selling most of my company stake to my partners. I retired at 42 in upper middle class fashion while my partners are now in top 1/10th of 1%er territory. I left a lot on the table - 80 hour work weeks, stress, uncertainty...
by mike_slc
Sun Jul 31, 2016 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 202
Views: 19517

Re: Early retirees, how much did you leave on the table?

I'm curious TheTime Lord why do you ask? I left tons of money on the table by selling most of my company stake to my partners. I retired at 42 in upper middle class fashion while my partners are now in top 1/10th of 1%er territory. I left a lot on the table - 80 hour work weeks, stress, uncertainty...
by mike_slc
Fri Jul 29, 2016 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Another can we retire...
Replies: 51
Views: 7380

Re: Another can we retire...

Can we retire? ... We use an Ameriprise FA, I'm not willing to change even though Boglehead's don't think its very efficient. I trust him and have no desire to handle it myself. Not just "not very efficient". Could be the difference between being able to retire or not based on the other circumstanc...
by mike_slc
Thu Jun 16, 2016 3:54 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 49509

Re: What's the ideal safe retirement net worth target?

30 years: 2,130,334 40 years: 2,337,795 50+ years: 2,596,179 Assumptions: Maximum happiness achieved at $75k per year [1] in 2010, inflation adjusted to $80k in 2016 Investigate 100% success rate on Firecalc with $80k spending, 50/50 portfolio, no SS [1] https://www.princeton.edu/~deaton/downloads/...
by mike_slc
Thu Jun 16, 2016 3:41 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 49509

Re: What's the ideal safe retirement net worth target?

30 years: 2,130,334 40 years: 2,337,795 50+ years: 2,596,179 Assumptions: Maximum happiness achieved at $75k per year [1] in 2010, inflation adjusted to $80k in 2016 Investigate 100% success rate on Firecalc with $80k spending, 50/50 portfolio, no SS [1] https://www.princeton.edu/~deaton/downloads/...
by mike_slc
Wed Jun 15, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 49509

Re: What's the ideal safe retirement net worth target?

I used to say $6m then bumped it to $10m. I think at $10m most people can find a "reasonable" lifestyle that they are comfortable with and live within their means. Obviously people could survive on considerably less but for a nice target I think $10m. However, equally as important is having a reaso...
by mike_slc
Wed Jun 15, 2016 1:31 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 49509

Re: What's the ideal safe retirement net worth target?

30 years: 2,130,334 40 years: 2,337,795 50+ years: 2,596,179 Assumptions: Maximum happiness achieved at $75k per year [1] in 2010, inflation adjusted to $80k in 2016 Investigate 100% success rate on Firecalc with $80k spending, 50/50 portfolio, no SS [1] https://www.princeton.edu/~deaton/downloads/...
by mike_slc
Wed Jun 15, 2016 12:56 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 49509

Re: What's the ideal safe retirement net worth target?

30 years: 2,130,334 40 years: 2,337,795 50+ years: 2,596,179 Assumptions: Maximum happiness achieved at $75k per year [1] in 2010, inflation adjusted to $80k in 2016 Investigate 100% success rate on Firecalc with $80k spending, 50/50 portfolio, no SS [1] https://www.princeton.edu/~deaton/downloads/d...
by mike_slc
Fri Jun 03, 2016 12:53 pm
Forum: Personal Consumer Issues
Topic: Move to Denver (Job) or stay in NoVA ?
Replies: 53
Views: 5995

Re: Move to Denver (Job) or stay in NoVA ?

TJ is like the Harvard of public high schools. Not just in terms of education but also access to top colleges and connections made for later in life. Think very hard before passing this up. Personally, I would not.
by mike_slc
Sun Feb 14, 2016 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on options strategy
Replies: 1
Views: 249

Need advice on options strategy

In addition to my Boglehead portfolio I also like to invest in some local residential real estate. I am in a position where I want to fund a new real estate investment using the proceeds from a previous investment, but those proceeds will not be available for another 3-6 months. I don't have the nec...
by mike_slc
Mon Oct 12, 2015 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: I am scared of a bear is it ok to take longer to go in?
Replies: 36
Views: 4028

Re: I am scared of a bear is it ok to take longer to go in?

90% of your liquid net worth in cash? I can only assume this was a capitulation panic sell. If that's the case then I'd suggest subtracting 25% from your pre-capitulation equity allocation target, lump summing into that new position immediately, and committing to not making any further adjustments u...
by mike_slc
Fri Oct 09, 2015 12:49 pm
Forum: Investing - Theory, News & General
Topic: New investors: how did your first correction go?
Replies: 100
Views: 9492

Re: New investors: how did your first correction go?

Knowing I still have 30+ years until retirement (25+ if I decide to retire early) and my skin in the game isn't as much, I just yawned as I watched the stock market go down. Even if my portfolio went down 50%, I can recoup that in a few years of aggressive saving if I really wanted to. That's good!...
by mike_slc
Fri Oct 09, 2015 12:39 pm
Forum: Investing - Theory, News & General
Topic: New investors: how did your first correction go?
Replies: 100
Views: 9492

Re: New investors: how did your first correction go?

I feel more nervous dollar cost averaging while the market keeps reaching new highs rather than nervous over any dips/corrections. As long as you keep doing it anyway that's great. Just remember, if you believe in stocks for the long term, then by definition their "normal" state will be at or near ...
by mike_slc
Fri Oct 09, 2015 10:42 am
Forum: Investing - Theory, News & General
Topic: New investors: how did your first correction go?
Replies: 100
Views: 9492

Re: New investors: how did your first correction go?

I'm 100% stocks and didn't flinch. Not sure I would even consider that a correction (~10% drop). Kinda bummed I maxed out the IRA earlier in the year, but added a little bit to the taxable account over the past couple months. That's great! For reference though, here are the deltas between 52 wk hig...
by mike_slc
Fri Oct 09, 2015 9:00 am
Forum: Investing - Theory, News & General
Topic: New investors: how did your first correction go?
Replies: 100
Views: 9492

New investors: how did your first correction go?

If you are new to the investing world (Fall of 2011 or later), how did you do with your first market correction? (Disclaimer: I am in no way claiming we are out of it.) Each correction presents an opportunity for you to honestly gauge your reactions, learn from those reactions, and prepare yourself ...
by mike_slc
Sun Sep 27, 2015 9:23 am
Forum: Personal Finance (Not Investing)
Topic: % Net Worth Change Since New Year's 2015
Replies: 95
Views: 10867

Re: % Net Worth Change Since New Year's 2015

You will never get two people on this site to agree what net worth means.
by mike_slc
Sun Sep 27, 2015 9:21 am
Forum: Investing - Theory, News & General
Topic: Why not take their advice?
Replies: 59
Views: 5672

Re: Why not take their advice?

The key is understanding your own investment personality. For many (most?) this is perfect advice. My Roth is 100% Total Stock Market and for me, I love it. That is the easiest account to deal with, I never even think about it. You can't tinker or time with 100% of one thing. The more "things", the ...
by mike_slc
Thu Sep 24, 2015 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Total International Dividend
Replies: 1
Views: 433

Total International Dividend

Just to confirm - if I buy Total International today (9/24), I will NOT get the dividend, right? I do not want it (taxable account). https://personal.vanguard.com/us/funds/snapshot?FundId=0569&FundIntExt=INT#tab=4 Dividend and capital gains distributions Record Date Reinvest Date Payable Date 09/23/...
by mike_slc
Mon Jun 08, 2015 11:06 am
Forum: Investing - Theory, News & General
Topic: 1.25% mysavingsdirect.com
Replies: 7
Views: 5299

1.25% mysavingsdirect.com

Just noticed a jump to 1.25% at mysavingsdirect.com for their online savings account, this is enough of a delta to make me consider switching. Anyone else?

https://www.mysavingsdirect.com/MySavin ... /index.jsp
by mike_slc
Thu Apr 16, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: tax return fraud
Replies: 4
Views: 803

Re: tax return fraud

And then today front and center in the personal finance section on WSJ:

http://www.wsj.com/articles/even-the-ta ... 1429135915
by mike_slc
Thu Apr 16, 2015 9:22 am
Forum: Personal Finance (Not Investing)
Topic: tax return fraud
Replies: 4
Views: 803

tax return fraud

Went to file my extension yesterday and the IRS informed me that a return had already been filed under my SSN. Bummer. I guess the fraud is that someone steals your SSN, files a bogus return to claim a refund, and because 1) the IRS does basically no fact-checking before issuing a refund and 2) you ...
by mike_slc
Tue Jan 13, 2015 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 10874

Re: Poll - How much is enough / what's your number?

This is what's written into my IPS under the goals section - I've always read/heard about the $75k/yr happiness benchmark - the magic income number beyond which people's day to day happiness no longer improves. I consider myself more or less an average dude, so I'm shooting for a minimum of that num...
by mike_slc
Sun Dec 28, 2014 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Bondpocolyse Question - Am I looking at this wrong?
Replies: 41
Views: 7536

Re: Bondpocolyse Question - Am I looking at this wrong?

It is a lot simpler to evaluate than that. If you buy a 10 year bond at 2.2%, you WILL make 2.2% over 10 years. Just decide if that is enough for you. If you might need the money before 10 years you are taking some risk. Bond funds are similarly easy to evaluate. Look at the YTM. Look at the duratio...
by mike_slc
Thu Dec 25, 2014 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Square pegs won't go in round holes! Net Worth and Cash flow
Replies: 83
Views: 8740

Re: Square pegs won't go in round holes! Net Worth and Cash

By rough count there have been 3465 threads asking the question Do you or how do you put a stream of payments in your asset allocation or net worth? answers have ranged from the hilarious to the serious. But few have been analytical. Let me give a framework. A net worth analysis and a cash flow ana...
by mike_slc
Tue Mar 11, 2014 12:52 pm
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 8126

Re: How did you get through the market crash in 08-09

At first I was scared but I stayed the course. Then things got a little ridiculous. At S&P 700 I was looking for quick sources of cash. I sold my one year old Audi A3 in 2009 so that I could buy stocks with it. Today I could buy a new S4 with those shares. :-) I wish I had gone 100% equities but I w...
by mike_slc
Sun Feb 02, 2014 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Does size affect Lump Sum vs. DCA choice?
Replies: 61
Views: 3506

Re: Does size affect Lump Sum vs. DCA choice?

I would lump sum, but also consider whether I needed to take as much risk as before. If the size of my portfolio is increasing significantly then maybe I don't need 60% stocks anymore. Maybe 50% is enough.
by mike_slc
Fri Jan 17, 2014 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Making $175k/year. What do I do with it all?
Replies: 39
Views: 9589

Re: Making $175k/year. What do I do with it all?

Several people have commented on the S-Corp idea, for and against. I've researched this quite a lot and I believe this is the scenario I would pursue. My current company hires me back as a 1099 contractor and pays my corporation. Not to rain on your parade but what you are describing is illegal. Sp...
by mike_slc
Fri Jan 17, 2014 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Making $175k/year. What do I do with it all?
Replies: 39
Views: 9589

Re: Making $175k/year. What do I do with it all?

I am 29 years old with a secure job. I just recently took a new job (same career) where I am being paid much better than I was. Went from ~115k to ~180k. For the 6 years I’ve been working, I’ve tried to max 401k's and Roth IRA's but wasn't entirely consistent due to school loans, bad choices, moves...
by mike_slc
Fri Jan 17, 2014 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Would CDs in taxable make sense?
Replies: 19
Views: 2579

Re: Would CDs in taxable make sense?

Taxes are important. Sometimes they cloud our vision because it is such a focus. As an example there were a lot of executives in our company that owned substantial company stock with large potential capital gains. They were earning big bucks and the company started declining. Most were legitimately...