Search found 265 matches

by Userdc
Sat Aug 13, 2011 4:44 pm
Forum: Investing - Theory, News & General
Topic: Permanent Portfolio - A Sympathetic Boglehead's Perspective
Replies: 204
Views: 33166

I agree with almost all of the original post, but I think you are being overly sympathetic to the crux of the issue, which is the PP's treatment of gold as an appropriate asset for one to allocate a signifant portion of their investment capital. Without getting into all the reasons here, I don't thi...
by Userdc
Sat Aug 13, 2011 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Poll - taxes per dollar of AGI?
Replies: 42
Views: 4511

Have to admit I'm astonished at the huge spread here. Especially the high end. How do you people at 50% get there? JW We get to almost 50% because we live in a high (income and property) tax area and we get slammed by the AMT. Also, as a two income family, we're paying more payroll taxes than a sin...
by Userdc
Fri Aug 12, 2011 7:18 am
Forum: Personal Investments
Topic: VGHCX - Reasons to buy or not buy
Replies: 5
Views: 1779

I had VGHCX for about 7 years and then sold it because I could justify holding it (a sector bet basically). There are so many sectors and why health care only. I could not answer that question convincingly. I'm in a similar boat, but I held on to it. It was one of the first funds I bought, and the ...
by Userdc
Thu Aug 11, 2011 9:26 am
Forum: Investing - Theory, News & General
Topic: My thoughts on the downgrade, second half of the story
Replies: 35
Views: 4687

Nate Silver makes a lot of points I agree with. Shooting the messenger is the wrong metaphor because the message S&P is delivering is flat-out wrong. S&P's reasons for the downgrade are arbitrary and frankly embarrassingly juvenile. In his article, Larry points to the fact that BRK paper briefly tra...
by Userdc
Thu Aug 11, 2011 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Poll - taxes per dollar of AGI?
Replies: 42
Views: 4511

As per some of the other comments, I think this is very rough because of the denominator issues and all of the taxes (and income/benefits) that aren't included, but based on these parameters:

FICA 4%
FICA match 4%
Fed 29%
State 8%
Property 3%

Total 48%
by Userdc
Wed Aug 10, 2011 2:35 pm
Forum: Investing - Theory, News & General
Topic: Santelli to Whitney: "Stick with munis"
Replies: 39
Views: 4729

Santelli and Whitney are two of the best reasons to never watch financial television.
by Userdc
Mon Aug 08, 2011 10:24 am
Forum: Investing - Theory, News & General
Topic: Investors Behaving Badly (Madly?)
Replies: 40
Views: 4147

I think it's consistent. The downgrade by S&P signals increased volatility and uncertainty in the capital markets, which are, after all still very dependent on ratings. This volatility is a friction cost on every company that operates in the capital markets. On the other hand, investors clearly disa...
by Userdc
Mon Aug 01, 2011 12:49 pm
Forum: Investing - Theory, News & General
Topic: Need Treasury yields by actual years left (30,29,28...
Replies: 4
Views: 695

Just what I needed ! But what's with this mis-pricing? Lines 190 & 191 show two bonds maturing on the same date (must have originally been a 30 and a 10 or some such). But they don't have the same current YTM. You would think that the bond traders would see all the extant CUSIPS for a given maturit...
by Userdc
Mon Jul 18, 2011 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Using Mortgage trick to pay off Student Loans faster!?
Replies: 19
Views: 4192

Most student loans (and other consumer loans like auto and credit card loans) are calculated using "daily simple interest" methodology, whereby you are charged monthly interest based on the AVERAGE balance outstanding in a month. So, yes, paying half of your student loan payment early should cause y...
by Userdc
Mon Jul 18, 2011 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Max mortgage / home price for income
Replies: 40
Views: 5072

If it's helpful, my family is in a similar situation, and we recently purchased a a sub-$700k home with 20% down in westchester. Property taxes are a killer (close to $15k), and general maintenance costs are higher well (our plumber has to pay property taxes too). If you are looking for a big lot, y...
by Userdc
Thu Jul 07, 2011 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefits Question
Replies: 6
Views: 1509

Social Security Spousal Benefits Question

I'm trying to help a married couple in their 60s figure out how to maximize their social security benefits.  I knew nothing about social security a week ago, but through this forum and reading around, I think I'm starting to get it.  I was hoping that someone (sscritic or others) could take a look a...
by Userdc
Tue Jul 05, 2011 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Claim Mother-In-Law-Nanny as dependant
Replies: 11
Views: 1889

Thanks to all for their input. I think I'd be very wary of considering or calling her a "nanny".  Nana, perhaps, but "nanny" implies a paid business relationship, at least to me.  In my mind, that would weaken your argument for considering her a dependent. I don't think what we call her has any affe...
by Userdc
Mon Jul 04, 2011 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Claim Mother-In-Law-Nanny as dependant
Replies: 11
Views: 1889

Off hand it doesn't look like it is beneficial to have MIL as an employee. You and your wife can each gift your MIL $13,000 per year. No reporting requirements and no tax consequences for anyone. 100% legal. Dale Thanks. That's the conclusion I was coming to - and as I am understanding it, this is ...
by Userdc
Mon Jul 04, 2011 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Claim Mother-In-Law-Nanny as dependant
Replies: 11
Views: 1889

Claim Mother-In-Law-Nanny as dependant

Before I post my question, I just want to thank all of the regular posters who weigh in on this board. I've done a lot more reading than I've done posting, and it's been tremendously helpful. Forgive me if the question below seems rather basic, but I can't quite piece it together from what I'm readi...
by Userdc
Tue Jun 21, 2011 9:47 am
Forum: Personal Investments
Topic: Rollover 401k from prior job?
Replies: 5
Views: 972

Rollover 401k from prior job?

First post here, I've done a lot of reading of this site over the years and I appreciate all of the insight I've gained from regular posters. The simple question I have is whether there is any reason NOT to roll over my old 401k into my new 401k. My basic demographics: 30 yo, married, first kid on t...