Search found 2290 matches

by WhiteMaxima
Wed Apr 14, 2021 3:38 pm
Forum: Non-US Investing
Topic: Golden Visa Programs
Replies: 58
Views: 9242

Re: Golden Visa Programs

Early retiree at age 55 could pull out 401k as pension to live in Portugal. If the pull out is taxed in the USA at 12% then it will not be taxed in Portugal because 12%>10%.
by WhiteMaxima
Tue Apr 13, 2021 12:37 am
Forum: Non-US Investing
Topic: Golden Visa Programs
Replies: 58
Views: 9242

Re: Golden Visa Programs

Tax in EU is higher than US. Portugal gives 10 year NHR which will have flat 10% tax for 10 years. You will have to stay in Portugal 183 days per year. US will tax you no matter you live.
by WhiteMaxima
Fri Apr 02, 2021 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement in Portugal
Replies: 9
Views: 1433

Re: Retirement in Portugal

If we draw living expense from our 401k, how does it taxed in Portugal even if we file for NHR?
by WhiteMaxima
Fri Apr 02, 2021 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Snowbirds - mail and bills
Replies: 42
Views: 4294

Re: Snowbirds - mail and bills

The most economical way is house swap. House should not empty and car should move.
by WhiteMaxima
Fri Apr 02, 2021 12:00 pm
Forum: Investing - Theory, News & General
Topic: Are 3x leveraged ETFs the long-term winning strategy?
Replies: 701
Views: 33673

Re: Are 3x leveraged ETFs the long-term winning strategy?

Use small % of your AA in 3x leverage ETF should be fine. esp in low interest rate situation.
by WhiteMaxima
Fri Apr 02, 2021 11:33 am
Forum: Personal Investments
Topic: Just retired age 60 - need drawdown advice.
Replies: 14
Views: 2719

Re: Just retired age 60 - need drawdown advice.

Do Roth Conversion up and combined withdraw to 12% tax bracket (22% is a big jump).
by WhiteMaxima
Mon Mar 29, 2021 6:00 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25182

Re: High spenders what do you spend on?

One kids privite pilot lesson and other licences for single engine, twin engine and commercial licence $58000
One kid piano lesson and one grand piano $20000
Europe and Asian trip $20000
Audiphile equipments , speakers, amp , wire $10000
SACD music CD $1000
by WhiteMaxima
Sun Mar 28, 2021 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4685

Re: Car Loan at .9%?

0.9% APR whicjh means they give your 3.25% -0.9% = 2.25% as another form of rebate. Not bad.
by WhiteMaxima
Sun Mar 28, 2021 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: ARM 5 year 1.65% Jumbo would you?
Replies: 14
Views: 1376

Re: ARM 5 year 1.65% Jumbo would you?

Closing cost 23k for 900k loan ARM 5/1. that's average $5000/900k=0.5% premium so you real rate is 1.65% +0.5%=2.15% 5 year ARM. Not bad but not a 1.65% rate. 23K closing seems high.
by WhiteMaxima
Thu Mar 25, 2021 8:22 pm
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 36941

Re: Are we in a housing bubble?

Building material and labor cost are all up. Covid limit supply. Low interest rate. 5 TB money into the American pocket. No we are not in bubble.
by WhiteMaxima
Thu Mar 25, 2021 3:49 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3690

Re: Thoughts on selling a CD music collection....

For giggles and grins, a couple of different donation valuation sites that I checked showed a valuation of $2 to $5. Not much interest in attempting to sell a boatload of CDs to who knows how many individual buyers. So I'll sell the ones that can command a good price, and donate the rest. As usual,...
by WhiteMaxima
Thu Mar 25, 2021 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 420
Views: 51454

Re: Tales from this insane real estate market

5.0 Trillion into American's pocket, Stock historic high. Real estate is the place to be.
by WhiteMaxima
Thu Mar 25, 2021 3:29 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3690

Re: Thoughts on selling a CD music collection....

For desktop, I am using a Mac Min ->Topping D50s DAC->Little Dot MkII Tube Amp-> Sennheriser HD600. Qobuz and Amazon HD offer Hi-Res music (up to 192Khz/24bit) compare to Tidal HiFi/MQA (44.1khz/16bit). I can tell HiRes from HiFi. Sennheiser combined with Tube Amp give you a more warm and analog sou...
by WhiteMaxima
Thu Mar 25, 2021 3:13 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3690

Re: Thoughts on selling a CD music collection....

Freecycle.org may be helpful to help you get rid of them. If you want 100 bubble mailers for way less than $34, let me know. I've got a box I was going to put up on eBay, but I'd rather see them go for less but for a good cause. By the way, what is your top of the line CD player, and do you plan on...
by WhiteMaxima
Thu Mar 25, 2021 2:49 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3690

Re: Thoughts on selling a CD music collection....

The CD rack space are x $/sq is your savings. Use that to subscribe Tidal, Sportify or Qobuz. sell you CD collection, Hi-Res musics (96kHz/24bits) are all in the cloud now.
by WhiteMaxima
Sat Mar 13, 2021 7:54 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 149
Views: 9602

Re: What are your travel plans in 2021 and beyond?

I booked flight to Barcelona flight. Will spend three weeks in Spain and Portugal during 2021 Christmas. Will get vaccine on Monday. Wish me good luck and happy travel in Europe.
by WhiteMaxima
Wed Mar 10, 2021 12:27 pm
Forum: Spain
Topic: Spain and Roth IRAs
Replies: 126
Views: 16292

Re: Spain and Roth IRAs

Stay Spain for less 183 days per year to avoid tax resident trouble. Spain has wealth tax which covers all your world wide properties but only if they consider you as tax resident. Plus all EU countries has VAT tax which is about 20% which is much heavy than US.
by WhiteMaxima
Wed Mar 10, 2021 11:21 am
Forum: Spain
Topic: Spain and Roth IRAs
Replies: 126
Views: 16292

Re: Spain and Roth IRAs

Stay out of trouble. Tax is a serious issue. You don't want end your silver years in Spanish prison or suffer heavy fine on your 401k.
by WhiteMaxima
Tue Mar 09, 2021 11:31 pm
Forum: Spain
Topic: Spain and Roth IRAs
Replies: 126
Views: 16292

Re: Spain and Roth IRAs

Too much of trouble. A US citizen could live in EU for 90 days out of 6 months and 180 days out of a calender year. So just do 90 days and visa run to max 180 per year in EU. Then come back to US for health check up. US actually is more tax friendly than Spain. If Spain consider you a tax resident, ...
by WhiteMaxima
Tue Mar 09, 2021 6:55 pm
Forum: Personal Consumer Issues
Topic: Unloading Massive Collection of Classical Music
Replies: 42
Views: 3968

Re: Unloading Massive Collection of Classical Music

Donate to your local library. Most of them can be streamed from Tidal or Qobuz.
by WhiteMaxima
Tue Mar 09, 2021 12:48 am
Forum: Personal Investments
Topic: Would you lump sum right now?
Replies: 57
Views: 4274

Re: Would you lump sum right now?

Depend your horizon. for long term >10 years or more, it doesn't matter you lump sum or DCA. 10 year bond yield 1.5% is too low to beat inflation.
by WhiteMaxima
Thu Feb 18, 2021 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 258
Views: 31681

Re: Saving 50% of salary; what does it really mean?

if you have mortgage or rent, I would say 20%-30% to housing, 15-20% to tax, 5% to food, 5% to auto 5% misc, total will be 50%, which will leave you 50% saving. Your 1/2 of life stay will basically minimal. The rest 1/2 life will dealing health and other problems. Life is way too short, enjoy your w...
by WhiteMaxima
Mon Feb 15, 2021 7:46 pm
Forum: Personal Investments
Topic: 2 to 3 Million Dollar Windfall - How to enter market
Replies: 61
Views: 6462

Re: 2 to 3 Million Dollar Windfall - How to enter market

through IPO you will receive stock. and through 6 months locking period, you can sell. price will depend on the market, and don't get uncle Sam will get a cut.
by WhiteMaxima
Mon Feb 15, 2021 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 258
Views: 31681

Re: Saving 50% of salary; what does it really mean?

Eat can food, ramen noodle, ride bicycle, rent someone's basement, ..... You can save 50% of your gross. But for what?
by WhiteMaxima
Mon Feb 15, 2021 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retire now (45 yrs old) or keep working for the kids?
Replies: 67
Views: 5867

Re: Retire now (45 yrs old) or keep working for the kids?

You are not just working for your kids, you are also working for uncle Sam. :happy :happy :happy
by WhiteMaxima
Mon Feb 08, 2021 11:59 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 450
Views: 29237

Re: The Power of Working Longer

I would prefer working longer or maybe semi-retirement. with less resposibility and heath insurance covered.
by WhiteMaxima
Mon Feb 08, 2021 11:40 am
Forum: Investing - Theory, News & General
Topic: Is 0% capital gains taxes achievable?
Replies: 34
Views: 2976

Re: Is 0% capital gains taxes achievable?

How much 401k withdraw qualify 0% cap gain? Assume for a married couple with $24000 standard deduction. Is all 401k withdraw considered as income? Thanks.
by WhiteMaxima
Thu Feb 04, 2021 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Waiting Till Age 70 to Draw SS
Replies: 129
Views: 9369

Re: Waiting Till Age 70 to Draw SS

Do Roth conversion as much as possible before 70. You won't regret.
by WhiteMaxima
Fri Jan 29, 2021 7:00 pm
Forum: Non-US Investing
Topic: Investing advice for US citizen moving to EU (Croatia)
Replies: 7
Views: 898

Re: Investing advice for US citizen moving to EU (Croatia)

If you live less than 1/2 year in any given year in any EU countries, you are not a tax payer in that country. US will tax your global income no matter where you live.
by WhiteMaxima
Sun Jan 24, 2021 7:37 pm
Forum: Personal Consumer Issues
Topic: Should we afford a new Toyota Sequoia?
Replies: 90
Views: 5728

Re: Should we afford a new Toyota Sequoia?

A Toyota Sinenna or Honda Odyssey would be more suitable for family of five or more. Sequoia is a truck based SUV, 3rd raw seat is basically useless or take cargo space. Mini Van is much easy to get in and out and ride more smooth like a car.
by WhiteMaxima
Sun Jan 24, 2021 2:29 pm
Forum: Personal Investments
Topic: Invest windfall all stock next week?
Replies: 5
Views: 671

Re: Invest windfall all stock next week?

Dollar cost average.
by WhiteMaxima
Sun Jan 24, 2021 2:09 pm
Forum: Non-US Investing
Topic: Golden Visa Programs
Replies: 58
Views: 9242

Re: Golden Visa Programs

My wife and I, currently US citizens, had planned to move to Italy in few years. We both hold dual US and Italian citizenship. This was until I started digging into Italian taxation. Combined with the US extraterritorial taxation, the whole idea became deeply unpalatable to me, especially since our...
by WhiteMaxima
Sun Jan 24, 2021 11:18 am
Forum: Personal Investments
Topic: Your Thoughts On What To Do With $1.5 Million?
Replies: 59
Views: 8024

Re: Your Thoughts On What To Do With $1.5 Million?

What's your plan for this significant amount of money? Are you going to use all of them or pass to your heirs. If I were you, I will start gift to your children. Set up a trust and invest portion of it into VTI.
by WhiteMaxima
Sun Jan 24, 2021 10:56 am
Forum: Investing - Theory, News & General
Topic: Should I lower my DCA during this time?
Replies: 22
Views: 1128

Re: Should I lower my DCA during this time?

Stay the course. Stay DCA the same amount.
by WhiteMaxima
Sun Jan 24, 2021 3:00 am
Forum: Non-US Investing
Topic: Golden Visa Programs
Replies: 58
Views: 9242

Re: Golden Visa Programs

We opted for the D7 route and retired to Portugal about 18 months ago. After 5 years one can receive permanent residency and/or citizenship. To qualify for citizenship you must pass a language test. Yes, you can freely move throughout the Schengen countries. My spouse also qualified and claimed Iri...
by WhiteMaxima
Sun Jan 24, 2021 3:00 am
Forum: Non-US Investing
Topic: Golden Visa Programs
Replies: 58
Views: 9242

Re: Golden Visa Programs

We opted for the D7 route and retired to Portugal about 18 months ago. After 5 years one can receive permanent residency and/or citizenship. To qualify for citizenship you must pass a language test. Yes, you can freely move throughout the Schengen countries. My spouse also qualified and claimed Iri...
by WhiteMaxima
Fri Jan 22, 2021 3:02 am
Forum: Non-US Investing
Topic: Golden Visa Programs
Replies: 58
Views: 9242

Re: Golden Visa Programs

those golden visa requires you to buy refundable zero% goverment bond of 250,000Euro + non-refundable fee of 30000-60000Euo. I could double that in SP500. While require you stay significant time in their country so you are paying much higher tax + 20% VAT (similar to US sales tax). After 5 years, y...
by WhiteMaxima
Fri Jan 22, 2021 1:29 am
Forum: Non-US Investing
Topic: Golden Visa Programs
Replies: 58
Views: 9242

Re: Golden Visa Programs

those golden visa requires you to buy refundable zero% goverment bond of 250,000Euro + non-refundable fee of 30000-60000Euo. I could double that in SP500. While require you stay significant time in their country so you are paying much higher tax + 20% VAT (similar to US sales tax). After 5 years, yo...
by WhiteMaxima
Thu Jan 21, 2021 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire Parents: Do Your Kids Know You're Rich?
Replies: 194
Views: 11094

Re: Millionaire Parents: Do Your Kids Know You're Rich?

we are millionaire many years ago but we still penny pinching.
by WhiteMaxima
Thu Jan 21, 2021 7:16 pm
Forum: Personal Investments
Topic: 401k->IRA-> One time rollover to HSA to reduce future RMD
Replies: 1
Views: 226

401k->IRA-> One time rollover to HSA to reduce future RMD

Suppose you have a 401k from your ex-employer. You could rollover (and combine) to a traditional IRA. Then do a once in a life time rollover to HSA suppose you are still enrolled in a HDHP HSA. The rollover is up to the annual HSA funding limit. That will save you future tax and RMD. Any comments?
by WhiteMaxima
Tue Jan 19, 2021 9:49 pm
Forum: Personal Consumer Issues
Topic: any suggestions for best 65" TV under $1000?
Replies: 48
Views: 3176

Re: any suggestions for best 65" TV under $1000?

A used Pioineer Kuro plasma TV unless you get to LG OLED level. A pioneer Kuro is a 12+ year old TV. While they were quite impressive for their time, the tech has moved on. You'd be putting up with an outdated interface, image processing, and lower resolution. Plus, they are very power hungry, whic...
by WhiteMaxima
Tue Jan 19, 2021 2:59 pm
Forum: Personal Consumer Issues
Topic: any suggestions for best 65" TV under $1000?
Replies: 48
Views: 3176

Re: any suggestions for best 65" TV under $1000?

A used Pioineer Kuro plasma TV unless you get to LG OLED level.
by WhiteMaxima
Tue Jan 19, 2021 12:21 pm
Forum: Personal Consumer Issues
Topic: Buying a Car - TSLA OR Honda
Replies: 60
Views: 5880

Re: Buying a Car - TSLA OR Honda

honda. as more ev player jump in. price will fall.
by WhiteMaxima
Tue Jan 12, 2021 2:12 am
Forum: Personal Investments
Topic: Critic my Asset Allocation
Replies: 7
Views: 1022

Re: Critic my Asset Allocation

Hungary, Spain
by WhiteMaxima
Sun Jan 10, 2021 8:11 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 39325

Re: What kind of car do Bogleheads like to drive?

I buy and drive used good quality car. Let 1st owner to take the new car depreciation. Current I drive a 1999 Toyota 4runner and of course a 1997 Nissan Maxima.
by WhiteMaxima
Sun Jan 10, 2021 6:58 pm
Forum: Personal Investments
Topic: Critic my Asset Allocation
Replies: 7
Views: 1022

Re: Critic my Asset Allocation

WoodSpinner wrote: Sun Jan 10, 2021 1:55 pm OP,

What is your overall AA currently and what is your target?

WoodSpinner
40% SPY500
20% Int'l
20% Russel 2000
20% Individual Stock (AAPL LMT JMP Costco TSM Commodity etc)
I have pension and SS to cover my expense and I don't hold cash or bond.