Search found 2888 matches

by technovelist
Sun Dec 24, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Federal tax estimator that includes Social Security income?
Replies: 21
Views: 2586

Federal tax estimator that includes Social Security income?

Hi all, I'm looking for a federal tax estimator for the new tax law that includes the special tax treatment of Social Security income. Has anyone seen one of these? I tried the frugal professor's site but his spreadsheet doesn't seem to allow me to enter Social Security income anywhere, unless I'm m...
by technovelist
Sat Dec 23, 2017 1:32 pm
Forum: Investing - Theory, News & General
Topic: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin
Replies: 74
Views: 7396

Re: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin

Not to spam up, but i felt like the Boglehead community might get a kick out of this BitCoin parody: https://www.youtube.com/watch?v=g-zIbVEjVpQ Keep staying the course my BH friends. The scary thing about that is how close it is to some of the posts I've read on this and other forums. :confused
by technovelist
Sat Dec 23, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin
Replies: 74
Views: 7396

Re: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin

High School teacher here. For the first time ever last week I had freshmen kids talking about investing in bitcoin. These are kids who don't know a stock from a bond or even how a checking account works. In 10 years of teaching I don't remember kids talking about investing in anything....ever. Corr...
by technovelist
Sat Dec 23, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Quitting while ahead? Need help properly diversifying.
Replies: 17
Views: 1419

Re: Quitting while ahead? Need help properly diversifying.

joe_lou wrote:
Sat Dec 23, 2017 11:29 am
Thanks -- is there anything else other than munis that might correlate negatively to my stocks?
The Permanent Portfolio might be just right for you. It is designed for low volatility coupled with reasonable returns.

You can read about it here: http://www.efficientfrontier.com/ef/0adhoc/harry.htm
by technovelist
Sat Dec 23, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 117
Views: 13840

Re: Does anyone own gold?

If one is talking physical gold, then I would imagine the transaction costs (bid/ask spread, dealer markup, whatever you want to call it) has to be higher than for equities. Unlikely to be a big drag on performance, but has to be there. On the other hand, if one holds physical gold and sells it in ...
by technovelist
Sat Dec 23, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin
Replies: 74
Views: 7396

Re: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin

People will still buy pizza with it. They will swipe their Visa card for the pizza, Visa will pay the pizza company and reconcile accounts on the blockchain. This transaction will have fewer middlemen therefore the pizza will be cheaper than it would have been had a cryptocurreny not been used so t...
by technovelist
Sat Dec 23, 2017 9:01 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 182
Views: 19155

Re: Call the top! - Bitcoin

I'll go with 22000 and January 15th.
by technovelist
Sat Dec 23, 2017 1:30 am
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 10769

Re: Question about pass through income in new tax law

ConcernedKid wrote:
Sat Dec 23, 2017 12:44 am

I'm a tax attorney or CPA. Take everything above with a huge grain of salt.
Did you leave out a "not"? :confused
by technovelist
Fri Dec 22, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 10769

Re: Question about pass through income in new tax law

Isn't tax simplification great?
by technovelist
Fri Dec 22, 2017 6:01 pm
Forum: Investing - Theory, News & General
Topic: Will you take this Fidelity bait ?
Replies: 126
Views: 14655

Re: Will you take this Fidelity bait ?

Several people mentioned better customer service at Fidelity. It makes me wonder...how often do people use customer service? I have never once had to call or inquire of anything at Vanguard. I've had to use customer service at Fidelity several times. To me, that's a point in Vanguard's favor. My ex...
by technovelist
Fri Dec 22, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out my NML Whole Life Insurance?
Replies: 45
Views: 3431

Re: Should I Cash Out my NML Whole Life Insurance?

Technovelist, I live in RI currently, and will be moving to MA in 5-6 years. Dandy, the best comparison I can find on term4sale is a 10 year term, $25K policy for $79/year. A $10K policy doesn't show as a available. For the 1988 policy, it also has Additional Purchase Benefit, and Waiver of Premium...
by technovelist
Fri Dec 22, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out my NML Whole Life Insurance?
Replies: 45
Views: 3431

Re: Should I Cash Out my NML Whole Life Insurance?

Thank you for the replies. Dandy, the ~$50/year I pay after dividends is for $17,356, with the original amount being $10K and the rest being dividends, so while it's only around $5/month, it's not that much in total, if I have it right. I have an inforce illustration for all 4 policies that shows m...
by technovelist
Fri Dec 22, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out my NML Whole Life Insurance?
Replies: 45
Views: 3431

Re: Should I Cash Out my NML Whole Life Insurance?

Whole life doesn't make sense for most people in most situations. You should probably have a good amount of term, the appropriate amount depending on how much income would need to be replaced if you or your wife died.
by technovelist
Fri Dec 22, 2017 1:31 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19299

Re: Buying Real Silver and Gold (Not Bitcoin)

What I don't understand about gold and silver is what is an acceptable price to pay over spot? I read on these posts about the pros and cons of buying online vs in a store, but nobody says exactly what a good price is.... Today silvers spot price is $16.23 an oz., how much more then that should one...
by technovelist
Thu Dec 21, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 56117

Re: Tax Bill Omnibus Thread

1210sda wrote:
Thu Dec 21, 2017 10:11 am
I'm looking for a tax calculator that takes into account Qualified Dividend Income and LT Cap Gains.

Any Suggestions

1210
Don't the standard tax programs like H&R Block do that?
by technovelist
Thu Dec 21, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: How invest Bitcoin Gold/Cash using ACH
Replies: 24
Views: 2488

Re: How invest Bitcoin Gold/Cash using ACH

If I were going to take a flutter in Bitcoin, which I am not, in order to avoid the possibility of outright fraud, plain and simple , I would insist on two things: a) a vehicle that invests directly in Bitcoin itself, not in, let's say, a company for carrying out a cryptocurrency undertaking of gre...
by technovelist
Thu Dec 21, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 24
Views: 1941

Re: Life Insurance

I say why not mix insurance with investments?--there doesn't seem to be a problem discussing annuities, bonds, mortgages, taxable and non-taxable accounts, low risk bonds, long term investments and staying the course etc. Whole life is an expensive, conservative niche investment that adds diversifi...
by technovelist
Thu Dec 21, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 24
Views: 1941

Re: Life Insurance

I have Type 2 Diabetes. I figure that since I'll have to pay more for a policy, I'll just rebel by not purchasing one. Sometimes, ya just gotta stick it to the man (Disclaimer: My advice is terrible, but it works for me. I've always hated the idea of life insurance.). I understand that a lot of typ...
by technovelist
Thu Dec 21, 2017 11:38 am
Forum: Investing - Theory, News & General
Topic: There is one scenario where taxable > Roth
Replies: 7
Views: 1104

Re: There is one scenario where taxable > Roth

If done early in the year, there was a way to recharacterizing the Roth, essentially undoing it, then redoing that Roth later, with lower priced equities. I haven't kept current because I don't have losses. It could be worth checking on, though. The sale was near the end of the year. Also, the loss...
by technovelist
Thu Dec 21, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: There is one scenario where taxable > Roth
Replies: 7
Views: 1104

Re: There is one scenario where taxable > Roth

What you did was not better than a Roth. All you did was offset gains with a loss but the loss now has a reset basis which just kicks the tax can down the road. The fund that you sold at a loss will now have a larger potential tax in the future unless your tax rate when you sell it in the future is...
by technovelist
Thu Dec 21, 2017 6:55 am
Forum: Investing - Theory, News & General
Topic: There is one scenario where taxable > Roth
Replies: 7
Views: 1104

There is one scenario where taxable > Roth

A few years ago I decided to cash out some of my retirement account assets because tax rates were going up as a result of the expiration of some of the Bush tax cuts. I paid the taxes and repurchased the same type of asset in a taxable account with the money that was left over. I realized after it w...
by technovelist
Thu Dec 21, 2017 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 24
Views: 1941

Re: Life Insurance

I have Type 2 Diabetes. I figure that since I'll have to pay more for a policy, I'll just rebel by not purchasing one. Sometimes, ya just gotta stick it to the man (Disclaimer: My advice is terrible, but it works for me. I've always hated the idea of life insurance.). I understand that a lot of typ...
by technovelist
Tue Dec 19, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Stamp inheritance
Replies: 30
Views: 3085

Re: Stamp inheritance

psteinx wrote:
Tue Dec 19, 2017 7:03 pm
Perhaps a broader lesson can be drawn here about possible long term outcomes for various sorts of physical collectibles, including others that are more in-favor right now than stamps...
Like bitcoins? :mrgreen:
by technovelist
Tue Dec 19, 2017 5:01 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 182
Views: 19155

Re: Call the top! - Bitcoin

The Bitcoin.com founder just cashed out. http://www.news.com.au/finance/money/investing/bitcoincom-cofounder-sells-entire-stash-calls-it-virtually-unusable-as-a-currency/news-story/217509dd165fb12b41896927b38930d1 That can't be good. Stay tuned for more twists and turns. Not good? I think it is won...
by technovelist
Tue Dec 19, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 293
Views: 22808

Re: Do people still use AAA?

Does anyone have a strategy for saving money on AAA? I moved down to the basic a few yrs ago vs the premium. Logic was that basic still gets me hotel and other discounts, and from a probability standpoint it is most likely that we would have an issue relatively close to home and thus I don't need 1...
by technovelist
Tue Dec 19, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 24
Views: 1941

Re: Life Insurance

Both my wife and I have life policies. We are about 5 years into them. I wasn't as financially knowledgeable as I am now when we signed up for them. My wife's relatives are in the insurance business and my wife has always been sold on the idea that whole life is superior because your rate never cha...
by technovelist
Tue Dec 19, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: IRA RMD
Replies: 8
Views: 1064

Re: IRA RMD

Never mind; I have been corrected.
by technovelist
Tue Dec 19, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19299

Re: Buying Real Silver and Gold (Not Bitcoin)

Conclusion: Big online sellers don't necessarily offer better prices than Local Coin Shops. I'll add that many (but not all) local coin shops give better prices to regular customers on both the buy and sell sides. If a shop has multiple locations, chances are there's no flexibility because the stor...
by technovelist
Tue Dec 19, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19299

Re: Buying Real Silver and Gold (Not Bitcoin)

It would seem that precious metal legal tender coins face-value are by no means a assured government backed guarantee https://goldsurvivalguide.co.nz/what-to-make-of-legal-tender-face-value-gold-and-silver-coins/ A non-circulating legal tender coin means that in their country of issue they are able...
by technovelist
Tue Dec 19, 2017 9:20 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 182
Views: 19155

Re: Call the top! - Bitcoin

Angelus359 wrote:
Tue Dec 19, 2017 7:56 am
I'm gonna guess 65535

Guess why
The exchanges are running Windows 3.1? :mrgreen:
by technovelist
Mon Dec 18, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance After Retirement
Replies: 13
Views: 882

Re: Term Life Insurance After Retirement

GS wrote:
Mon Dec 18, 2017 3:01 pm
For those members who are retired, do you still keep a Term Life Insurance Policy in force and if so, why?
Yes, because the value of the social security benefit that would be lost if I died is hundreds of thousands of dollars.

Thus, insuring against the loss of that benefit makes sense.
by technovelist
Sun Dec 17, 2017 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Clever use of a "C" Corporation
Replies: 23
Views: 3441

Re: Clever use of a "C" Corporation

A C Corp that sits on its earnings and profits as an accumulation vehicle could easily run afoul of the accumulated earnings tax to the extent the earnings exceed the ordinary and necessary needs of the business. Yes, and that is after paying corporate taxes on the earnings! I don't see the advanta...
by technovelist
Sun Dec 17, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Just received an inheritance. Need to get financial life in order.
Replies: 14
Views: 2797

Re: Just received an inheritance. Need to get financial life in order.

So much simpler! You might notice that the Traditional IRA disappeared. My wife just created that a few weeks ago when we were worried about jumping into the 25% tax bracket. Waiting to inherit some of this money until next year will solve that problem so we are going to recharacterize that tIRA as...
by technovelist
Sun Dec 17, 2017 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Just received an inheritance. Need to get financial life in order.
Replies: 14
Views: 2797

Re: Just received an inheritance. Need to get financial life in order.

So much simpler! You might notice that the Traditional IRA disappeared. My wife just created that a few weeks ago when we were worried about jumping into the 25% tax bracket. Waiting to inherit some of this money until next year will solve that problem so we are going to recharacterize that tIRA as...
by technovelist
Sun Dec 17, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing to hire lawyer to write will - any advice?
Replies: 12
Views: 1938

Re: Preparing to hire lawyer to write will - any advice?

Learn as much as you can first so you will know what you want and what questions to ask. The more complex your estate and family dynamics, the greater the need to be thorough . . . and vigilant. Some helpful books. Beyond the Grave: The Right Way and the Wrong Way of Leaving Money to Your Children ...
by technovelist
Sun Dec 17, 2017 12:35 pm
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 148
Views: 14899

Re: Is anyone putting money aside into Gold?

Livestock, -the old fat finger on golf versus gold. Re zig/ zag - just my very imprecise way of expressing thought of non correlated assets. Hopefully gold ETF would go up if "normal" stocks went down. Gold and stocks have very low historical correlation. Gold mining stocks, on the other hand, are ...
by technovelist
Sun Dec 17, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Linux based laptop or just a Windows based laptop formatted?
Replies: 49
Views: 3566

Re: Linux based laptop or just a Windows based laptop formatted?

FWIW, I did try this several months ago and created a Win10 VM. Trouble is, on a 4GB RAM machine, a Win10 VM runs a bit slow so I ended up deleting it. Frankly, i’m surprised it worked at all. I had trouble even getting Win 7 to run in a usable state directly on bare metal with less than 16 gb. Yah...
by technovelist
Sun Dec 17, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Preparing to hire lawyer to write will - any advice?
Replies: 12
Views: 1938

Re: Preparing to hire lawyer to write will - any advice?

I would write this all down in as much detail as you can before talking with a lawyer. You don't want to be sitting there at $300/hour trying to figure out what you want to do. Perhaps a general discussion of my personal situation would help to clarify your thoughts. We don't have minor children, so...
by technovelist
Sun Dec 17, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Clever use of a "C" Corporation
Replies: 23
Views: 3441

Re: Clever use of a "C" Corporation

Hi, I own all or part of several pass-through entities (S-corporations and LLCs) that collectively throw off a few hundred thousand dollars each year. In some cases the entities perform services (for fees) for each other, and it is plausible to split one of the corporations into two, if it made sen...
by technovelist
Sun Dec 17, 2017 8:30 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 182
Views: 19155

Re: Call the top! - Bitcoin

Here is Peter Brandt showing it in a chart. https://twitter.com/PeterLBrandt/status/935698728639328256 Maybe I didn't use correct terminology if so I apologize. What I was trying to convey is there was an upwards logarithmic channel BTC was trading in for majority of 2017. It had obeyed the support...
by technovelist
Sun Dec 17, 2017 8:28 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19299

Re: Buying Real Silver and Gold (Not Bitcoin)

On our 25th anniversary, Mrs O bought me 250 ounces of silver, at $4.33 an ounce. Now we're coming up on our 50th. It's true those big old bars are worth 4 times as much. But I've lugged the damn things around for 25 years. They're heavy and bulky. I'm hoping she doesn't go out and buy me 500 more ...
by technovelist
Sun Dec 17, 2017 8:24 am
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 148
Views: 14899

Re: Is anyone putting money aside into Gold?

I have been taking great interest in gold recently and gold mining companies... Has anyone else considered this? Honestly, the time I've put into investing in gold has only lead me to sales people. This had made me more than suspicious. :twisted: (plug in fear mongering youtube video here) Wise. Bu...
by technovelist
Sun Dec 17, 2017 1:23 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19299

Re: Buying Real Silver and Gold (Not Bitcoin)

On our 25th anniversary, Mrs O bought me 250 ounces of silver, at $4.33 an ounce. Now we're coming up on our 50th. It's true those big old bars are worth 4 times as much. But I've lugged the damn things around for 25 years. They're heavy and bulky. I'm hoping she doesn't go out and buy me 500 more ...
by technovelist
Sun Dec 17, 2017 1:22 am
Forum: Investing - Help with Personal Investments
Topic: Annuity Help
Replies: 6
Views: 803

Re: Annuity Help

Kendrick33 wrote:
Sat Dec 16, 2017 11:57 pm
The annuity is in a traditional IRA, with a seven year surrender period. I am in year two of that surrender period.
How is the surrender charge calculated exactly?
by technovelist
Sat Dec 16, 2017 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Help
Replies: 6
Views: 803

Re: Annuity Help

David Jay wrote:
Sat Dec 16, 2017 8:10 pm
To be clear then, this asset is held inside of a traditional IRA, correct?

[edit] What is your age?
Yes, we need to know the "tax location" of the annuity. Is it in a tax-deferred account?
by technovelist
Sat Dec 16, 2017 10:47 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19299

Re: Buying Real Silver and Gold (Not Bitcoin)

If you want to buy a few coins in case of the zombie apocalypse knock yourself. But to have any meaningful impact on your portfolio you’d have to buy a lot and then store it somewhere safe which in my mind is a PITA. Seems to me if civilization has collapsed then if you toss out silver or gold coin...
by technovelist
Sat Dec 16, 2017 10:42 pm
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 148
Views: 14899

Re: Is anyone putting money aside into Gold?

Well the bull market was applied to both portfolios, so I don't see your point. Sounds like cherry picking to me. If you like gold, fine. The history does not support your feelings, but to each his own. We could both be wrong going forward. Best of luck to you, Dan Same to you! :sharebeer
by technovelist
Sat Dec 16, 2017 9:55 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19299

Re: Buying Real Silver and Gold (Not Bitcoin)

So you're saying this time it's different? :mrgreen: This time is worse. So you know something that the market doesn't? The EMH should apply just as well to Bitcoin as to stocks and bonds. It's a good thing I don't believe in the EMH myself! :wink: I believe in the EMH version that says that you ar...
by technovelist
Sat Dec 16, 2017 9:53 pm
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 148
Views: 14899

Re: Is anyone putting money aside into Gold?

No Gold as I think Treasuries will do the same thing in a down market and they do pay some interest. If interest rates ever go back up to anything resembling historically normal levels, Treasurys will get massacred, whereas gold may do very well. Just look at the 1970's for an example of this. I tr...