Search found 2587 matches

by wrongfunds
Sat Apr 17, 2021 1:07 pm
Forum: Personal Consumer Issues
Topic: Hoover Vacuum Problem (Mystery Solved)
Replies: 21
Views: 1272

Re: Hoover Vacuum Problem (Mystery Solved)

I still use the Hoover Upright purchased in 1982. I have replaced many internal parts myself. That is the only vacuum we have. It has been a decade since biweekly maid service; so for the last ten years, Hoover has not been in weekly use except in emergency use and for car seats etc.
by wrongfunds
Sat Apr 17, 2021 12:54 pm
Forum: Investing - Theory, News & General
Topic: Roth v. Traditional - Does effective tax rate matter?
Replies: 22
Views: 2150

Re: Roth v. Traditional - Does effective tax rate matter?

Maybe others commenting can list more of the potential items that will increase income/increase "effective taxes" to potentially push up "effective marginal federal income tax rates" at the time of IRA withdrawals. SS taxation is a big one. Because the amount of SS that is taxab...
by wrongfunds
Fri Mar 26, 2021 10:47 am
Forum: Personal Investments
Topic: Advice on not stressing closer to retirement
Replies: 62
Views: 3833

Re: Advice on not stressing closer to retirement

I lost more than a million dollars [at one point] in 2020. If I lost a million dollars, I'd be looking for a free bus to the food bank! edit: Clearly we are not in the same tax bracket! I am suspecting livesoft is in lower tax bracket than you! Remember, tax bracket correlates with taxable income. ...
by wrongfunds
Fri Mar 19, 2021 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax Day for individuals extended to May 17 - filing and payment]
Replies: 56
Views: 4282

Re: [Tax Day for individuals extended to May 17 - filing and payment]

Can a state still keep deadline as Apr 15 even though federal extends it?
by wrongfunds
Thu Mar 18, 2021 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax Day for individuals extended to May 17 - filing and payment]
Replies: 56
Views: 4282

Re: [Tax Day for individuals extended to May 17 - filing and payment]

Last year I filed close to the July drop dead date. The IRS paid me interest from April 15 until end of July when the refund was given. The interest payment itself was made in mid August.

It made NO sense but that must have been the law at that time. Looks like IRS has removed that funky loophole.
by wrongfunds
Wed Mar 17, 2021 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement math/taxes - am I thinking about this correctly?
Replies: 35
Views: 4111

Re: Early retirement math/taxes - am I thinking about this correctly?

I did not get the total math. What will be your annual living expenses after retirement?
by wrongfunds
Wed Mar 17, 2021 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax Day for individuals extended to May 17 - filing and payment]
Replies: 56
Views: 4282

Re: [Tax Day for individuals extended to May 17 - filing and payment]

If you are expecting large refund, file on the last day. The interest rate you get on the refund is out of this world! No bank or MM gives you this interest rate to you.

I am kidding about filing on the last day but the interest rate part is indeed true.
by wrongfunds
Wed Mar 17, 2021 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal effective tax rates 100%+ this year for 150 - 160k AGI

This is absolutely great information for the people who are or could be affected by this range of income. Rather than going back and forth about the definition, this is so much useful for everybody. How would you be able to adjust your 2020 income now? I just looked up and using deductible IRA is NO...
by wrongfunds
Wed Mar 17, 2021 7:44 am
Forum: Personal Finance (Not Investing)
Topic: retirement checkup
Replies: 23
Views: 2294

Re: retirement checkup

Is all the profit made on primary house sale untaxable? I thought that only worked if you buy another house with higher price. Or is there an exemption on cashing out primary house and moving in to rental unit? Preliminary google shows that only $500K of profit is exempt for MFJ. Thus if you planni...
by wrongfunds
Tue Mar 16, 2021 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal effective tax rates 100%+ this year for 150 - 160k AGI

... I assure you, this concept isn't "useless" and lacking "meaning". It is, in fact, potentially worth over $10,000 dollars to me and others on this thread this year-- if that's not useful, I don't know what is :D. Whether or not this particular scenario applies to you this yea...
by wrongfunds
Tue Mar 16, 2021 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: retirement checkup
Replies: 23
Views: 2294

Re: retirement checkup

Anyway, so OP can't assume he gets to keep his $1.9M if he were to sell the house for $1.9M
He also does NOT get to decide to allocate that money for multiple years to soften the tax blow.

I think this fact really puts monkey wrench in the plan.
by wrongfunds
Tue Mar 16, 2021 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: retirement checkup
Replies: 23
Views: 2294

Re: retirement checkup

Is all the profit made on primary house sale untaxable? I thought that only worked if you buy another house with higher price. Or is there an exemption on cashing out primary house and moving in to rental unit? Preliminary google shows that only $500K of profit is exempt for MFJ. Thus if you plannin...
by wrongfunds
Tue Mar 16, 2021 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: 401k contributions for 2020 got messed up - what can i do ?
Replies: 4
Views: 360

Re: 401k contributions for 2020 got messed up - what can i do ?

Wow! I am impressed. I expected the answer as "tough luck; too bad; read the SPD; it says we are NOT responsible" etc

Looks like Treasury is really serious about not letting employers skate through their mistakes.
by wrongfunds
Mon Mar 15, 2021 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

The marginal rate (of the EIP3 payment) for your situation is $2800/$10,000 = 28% If a couple has 8 kids, then the marginal rate for them will be $14,000/$10,000 = 114% and for them, since the marginal rate is over 100% then I can see how making an extra dollar will result in losing more than the d...
by wrongfunds
Mon Mar 15, 2021 2:15 pm
Forum: Investing - Theory, News & General
Topic: Hitting your numbers. How to estimate when you have enough.
Replies: 175
Views: 20052

Re: Hitting your numbers. How to estimate when you have enough.

Why would I? The 10% increase in annual salary amounts to about 2 hours of time in the current Bullmarket. Would somebody explain this to me? This will imply you make 100% of your salary by being in the bull market for 20 hours (both multiplied by 10). Assuming stock market has (8 * 5 * 50 ) = 2000...
by wrongfunds
Mon Mar 15, 2021 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

The marginal rate (of the EIP3 payment) for your situation is $2800/$10,000 = 28% If a couple has 8 kids, then the marginal rate for them will be $14,000/$10,000 = 114% and for them, since the marginal rate is over 100% then I can see how making an extra dollar will result in losing more than the do...
by wrongfunds
Mon Mar 15, 2021 9:45 am
Forum: Personal Investments
Topic: After tax 401k v. Back door Roth v taxable
Replies: 27
Views: 1391

Re: After tax 401k v. Back door Roth v taxable

In general, there are very few disadvantages of using after-tax 401K and immediate IRR (In-plan Rother Rollover) of the after-tax 401K contribution as compared to using the same in a brokerage account. If your company allows automatic IRR, that is best but even if you have to do it manually after ev...
by wrongfunds
Mon Mar 15, 2021 9:26 am
Forum: Personal Investments
Topic: Retirement: Help I want out!
Replies: 58
Views: 7217

Re: Retirement: Help I want out!

The reason I stated the expenses seemed high to me was because I thought she was saving so much money from the paychecks that I could not see how she would have the money leftover for the claimed expenses! Aka a very good problem to have!! But I agree whole heartedly; if the OP can't retire with her...
by wrongfunds
Mon Mar 15, 2021 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

Is the following website wrong? ( https://www.efile.com/stimulus-three/ ) I do not see what you are saying. The extra dollar did NOT cut the EIP3 amount. https://i.ibb.co/X5cjNCH/image.png And it cut by $5 when I increased the income by $99 i.e. for income of $150099 the payment became $2795 https:/...
by wrongfunds
Sun Mar 14, 2021 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

Wasn't there just an example given of how just a dollar more could cost $17,500 extra in taxes? Isn't that worse than extra $11K in taxes for extra $10K in income? The ironic thing is that this is not even a cliff but just a "black diamond" slope. Put on nice pairs of skis and have a blast...
by wrongfunds
Sun Mar 14, 2021 8:28 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7910

Re: 15x expenses, then SS

Following excellent advice was given in this forum on Sep 2020. I have only kept the part of "stick it out for 3-5 years" portion here. The person who gave this advice is left as an exercise for astute readers of this forum :-) If it is out of line, I will apologize and delete this reply. ...
by wrongfunds
Sun Mar 14, 2021 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

Our taxable income is $98,949 Our tax bill is $13,344 If we were to earn an extra dollar Our taxable income will be $98,950 Our tax bill will ne $13.355 Earning extra dollar will cost me extra $11 in taxes. Using the "marginal rate", I am being taxed at 1100% Explain to my why that is NOT...
by wrongfunds
Sun Mar 14, 2021 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

Our taxable income is $98,949 Our tax bill is $13,344 If we were to earn an extra dollar Our taxable income will be $98,950 Our tax bill will ne $13.355 Earning extra dollar will cost me extra $11 in taxes. Using the "marginal rate", I am being taxed at 1100% Explain to my why that is NOT...
by wrongfunds
Sun Mar 14, 2021 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

That was my point. There are hundreds of different types cases where an extra dollar may affect your total tax liability by few dollars to hundreds or even thousands (aka Medicare surcharge). There are lots and lots of cliffs and humps in the tax structure where the marginal tax rate could turn out ...
by wrongfunds
Sun Mar 14, 2021 7:37 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7910

Re: 15x expenses, then SS

We need White Coat Investor to chime in here very badly as he is the most qualified person on this forum when it comes to providing valuable advice to physicians.

I do not think even single responder here would have guessed that you are a physician wanting to retire.
by wrongfunds
Sun Mar 14, 2021 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

Our taxable income is $98,949 Our tax bill is $13,344 If we were to earn an extra dollar Our taxable income will be $98,950 Our tax bill will ne $13.355 Earning extra dollar will cost me extra $11 in taxes. Using the "marginal rate", I am being taxed at 1100% Explain to my why that is NOT ...
by wrongfunds
Sun Mar 14, 2021 4:31 pm
Forum: Personal Investments
Topic: Retirement: Help I want out!
Replies: 58
Views: 7217

Re: Retirement: Help I want out!

Given the following and your salary, I think your expenses (at least right now) seems to be higher. I do not think your current expenses can be that high. The following totals about (25 + 25 + 7 + 7 + 7) $71K. With the other taxes such as Fica and Medicare being taken out of your paycheck, you could...
by wrongfunds
Sun Mar 14, 2021 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

Come on people, if you ever did your own taxes, you already know about earning an extra cent may cost you much more from few dollars to few thousand dollars effectively because of 1) Next entry from the tax table if your income tax is computed from tax tables 2) Reduced Credits 3) Reduced Subsidies...
by wrongfunds
Sun Mar 14, 2021 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

Come on people, if you ever did your own taxes, you already know about earning an extra cent may cost you much more from few dollars to few thousand dollars effectively because of 1) Next entry from the tax table if your income tax is computed from tax tables 2) Reduced Credits 3) Reduced Subsidies ...
by wrongfunds
Thu Mar 11, 2021 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block PSA: individual HSA reporting missed in interview
Replies: 5
Views: 363

Re: H&R Block PSA: individual HSA reporting missed in interview

TurboTax also has some obscure question and if you do not answer that "correctly", it will add back the HSA amount from your W2 to your income! The software should make this extremely difficult to accidentally add that to the gross income even if somebody were to bypass the interview mode....
by wrongfunds
Wed Mar 10, 2021 12:30 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230421

Re: [GameStop GME trading mega-thread]

Isn't there a matching long contract for every short contract in existence? If so, that puts cold water on number of shorts (and number of longs) compared to the float.
by wrongfunds
Tue Mar 09, 2021 8:49 am
Forum: Investing - Theory, News & General
Topic: Dow Jones at 1,113,047
Replies: 13
Views: 2023

Re: Dow Jones at 1,113,047

If I wanted to compare individual stock to the market for historical time periods including dividend reinvested), what is the best way to do that? Do I need to use TR version of the index and the stock symbol and specifically ask for dividend reinvested feature (if available on the chart) ? Does Yah...
by wrongfunds
Tue Mar 09, 2021 8:35 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230421

Re: [GameStop GME trading mega-thread]

If only this analysis had been presented when the stock was trading under $50; I would have put my life savings in it then. Now at 200, it is too expensive for my taste. On the second thought, since it is going to go to 800 on March 19th, I am going to jump in at 200. This will be like taking candy ...
by wrongfunds
Mon Mar 08, 2021 7:38 am
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13193

Re: Thoughts on 5% SWR

Just imagine if 0.5% movement takes hold and IRS buys in to it, all of the "tax torpedo" guys are going to be ecstatic when the RMD tables are updated to account for this data :-) I mean we are already making progress by moving the age from 70.5 to 72. So as Jim Carry said in his famous mo...
by wrongfunds
Mon Mar 08, 2021 7:32 am
Forum: Investing - Theory, News & General
Topic: Satisficing in the investment game
Replies: 22
Views: 2418

Re: Satisficing in the investment game

Did NASA know in advance the precise date and time it was going to land on Mars many months (years?) prior to the actual event? If true, how was that possible ? I do not believe satisficing as a concept applies in physical world.
by wrongfunds
Mon Mar 08, 2021 7:17 am
Forum: Personal Investments
Topic: Major Disruptions To Retirement Income and How To Mitigate
Replies: 52
Views: 4353

Re: Major Disruptions To Retirement Income and How To Mitigate

The most amusing undercurrent in this forum is the simultaneous optimism about having huge RMD thirty year down the road but at the same time utter pessimism about how many myriad ways their much smaller than 4% SWR could go wrong and using OMY to proactively mitigate those factors. May be it is pos...
by wrongfunds
Sun Mar 07, 2021 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can I avoid a prenuptial agreement if I do this?
Replies: 86
Views: 5150

Re: Can I avoid a prenuptial agreement if I do this?

Half the responders have missed the fact that this is the arranged marriage and the bride is being imported from India. OP cleared that up in subsequent reply.

The usual advise really does NOT apply here. For example 50% of arranged marriages in USA do NOT end up divorce :-)
by wrongfunds
Sun Mar 07, 2021 8:42 pm
Forum: Investing - Theory, News & General
Topic: The Four Horsemen of Underperformance - Signs of Life
Replies: 29
Views: 3775

Re: The Four Horsemen of Underperformance - Signs of Life

AIG? That AIG?? For some reason I thought AIG of 2000 and 2021 are two different companies like old GM and new GM.
by wrongfunds
Sun Mar 07, 2021 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can I avoid a prenuptial agreement if I do this?
Replies: 86
Views: 5150

Re: Can I avoid a prenuptial agreement if I do this?

Before this topic gets locked ... OP, do not marry a bride from India if you are thinking that it is not going to work. As few have already told you this prenup will NOT stand in the court. Your bride is uprooting all of her ties to her family in India and joining you here. She is NOT on equal footi...
by wrongfunds
Sun Mar 07, 2021 7:01 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13193

Re: Thoughts on 5% SWR

But I am now really interested in understanding if the point marcopolo is making about conditional probability is valid and our method of treating it as two independent events is invalid. This is all theoretical and none of us are disputing the basic principle. At any time we have not_broke & al...
by wrongfunds
Sun Mar 07, 2021 4:54 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13193

Re: Thoughts on 5% SWR

Thanks marco! Very interesting reply. However Case 1: 1) You live for another 10 years (age 60). What is the probability that you have run out of money? 2) You live for another 40 years (age 90). What is the probability that you have run out of money? I do not think this is the right way. Given you ...
by wrongfunds
Sun Mar 07, 2021 4:36 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio's All Weather Portfolio is NOT Working in this 2021 Market Correction
Replies: 40
Views: 5311

Re: Ray Dalio's All Weather Portfolio is NOT Working in this 2021 Market Correction

I always want to suggest to divide your dataset in half and then run the magic formula on them to see if it still holds true for both sets. You could even make it more robust by dividing the dataset in odd vs even years instead of just first x and next x etc and apply the magic formula. If it works,...
by wrongfunds
Sun Mar 07, 2021 3:54 pm
Forum: Investing - Theory, News & General
Topic: How much did forced purchase of Tesla on 12/21/2020 hurt passive indexers?
Replies: 27
Views: 4247

Re: How much did forced purchase of Tesla on 12/21/2020 hurt passive indexers?

(AIV, which represented less than 0.02% of the S&P 500 by cap weight, was rarely mentioned, and can, in fact, be ignored). On 12/21/2020, AIV was replaced by TSLA. On the day of replacement, TSLA became 1.6% of the S&P 500. Can you explain this part? Was it because TSLA was "artificial...
by wrongfunds
Sun Mar 07, 2021 3:45 pm
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 265
Views: 27475

Re: Can one have too much Roth?

One can never have too much Roth but one might end up paying too much to get there. You will only know that answer when you reach there. If you are fortunate, you would have bargain. If you happen to be unfortunate, you would have paid unnecessarily. You will know it when you are close to the time a...
by wrongfunds
Sun Mar 07, 2021 3:31 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio's All Weather Portfolio is NOT Working in this 2021 Market Correction
Replies: 40
Views: 5311

Re: Ray Dalio's All Weather Portfolio is NOT Working in this 2021 Market Correction

This portfolio is very good for back-tests but going forward it is putting 70% of money into assets which have a zero to negative real return. Not very attractive proposition. Americans should expect 0.81% real return from All Weather going forward ie (0.3*2.87)+(0.4*0.12)+(0.15*-0.66)+(0.075*0)+(0...
by wrongfunds
Sun Mar 07, 2021 3:28 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13193

Re: Thoughts on 5% SWR

Me too but I have very high respect for marcopolo and you, so what are we both missing from macropolo's understanding? Could it be that there is an unwritten relationship with longevity and the financial security of a person? I grant him that but I am still not sure if that alone explains his thinki...
by wrongfunds
Sun Mar 07, 2021 12:50 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio's All Weather Portfolio is NOT Working in this 2021 Market Correction
Replies: 40
Views: 5311

Re: Ray Dalio's All Weather Portfolio is NOT Working in this 2021 Market Correction

Aaaarrrrrggggggggggg; the key takeaway from my reply was following and that is what we should be discussing There is a broad spectrum between physics, MPT, and random dart throwing to pick individual stocks. If your point is that investing isn't an exact science, I think we all know that. But risk ...
by wrongfunds
Sun Mar 07, 2021 12:09 pm
Forum: Personal Investments
Topic: Major Disruptions To Retirement Income and How To Mitigate
Replies: 52
Views: 4353

Re: Major Disruptions To Retirement Income and How To Mitigate

Divorce with a non-working or low earning spouse ranks up there, in addition to forking over half of the assets your also on the hook for alimony, perhaps forever depending on the state BH as a group do NOT think that as a risk at all. They do worry about about loss of spouse through death way more...
by wrongfunds
Sun Mar 07, 2021 10:50 am
Forum: Personal Finance (Not Investing)
Topic: When to File 2020 Taxes (Stimulus Related)?
Replies: 19
Views: 1925

Re: When to File 2020 Taxes (Stimulus Related)?

the question i have is.. Is the $1400 important to you to get ASAP? If yes, file your taxes. Then amend your taxes as needed if needed. If no, wait, even file an extension if needed, so that hopefully you don't have to amend your taxes. Can you really "have the cake and eat it too?" i.e. ...
by wrongfunds
Sun Mar 07, 2021 10:44 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio's All Weather Portfolio is NOT Working in this 2021 Market Correction
Replies: 40
Views: 5311

Re: Ray Dalio's All Weather Portfolio is NOT Working in this 2021 Market Correction

With infinite computing power, somebody can analyze past data and theoretically come up with a portfolio which will never have a red day ( highly unlikely but listen me out). I did exactly that (best smoothest diagonal up i could come up with) when i first got into investing and thought i knew ever...