Search found 1661 matches

by bberris
Sat Apr 17, 2021 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Spend down cash to bridge to social security?
Replies: 25
Views: 2591

Re: Spend down cash to bridge to social security?

Here is the ancient thread that opened my eyes to do exactly what you have planned (except that the thread advocated delaying to 70 to maximize social security benefits.) https://www.bogleheads.org/forum/viewtopic.php?t=102609 This would work even if you have to take taxable withdrawals to fund the ...
by bberris
Thu Apr 15, 2021 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Medicare - just A + B?
Replies: 31
Views: 2276

Re: Medicare - just A + B?

Instead of going without, there are free or nearly free options depending on your state and circumstances. 1. Medicare advantage, with a high deductible, usually including drugs and a restricted network 2. Medicare advantage savings account. Also high deductible, no premium, cash deposit for initial...
by bberris
Tue Apr 13, 2021 6:39 am
Forum: Personal Finance (Not Investing)
Topic: House Building vs. Buying in this Market?
Replies: 21
Views: 2073

Re: House Building vs. Buying in this Market?

Typically, (***though there are always exceptions), there's more value per dollar found in buying a home that is already built vs constructing one. When you purchase a home, you are already controlling the costs and build time (it's ready). When you build a home, some aspects are somewhat unpredict...
by bberris
Mon Apr 12, 2021 3:47 pm
Forum: Personal Consumer Issues
Topic: Gift Card to Permanently Closed Business
Replies: 17
Views: 2854

Re: Gift Card to Permanently Closed Business

I still have one of those 6 car wash cards. I bought the card, got one wash, and then the gas station changed hands a week later.
by bberris
Sat Apr 10, 2021 6:46 pm
Forum: Investing - Theory, News & General
Topic: CryptoHeads: What's next after NFTs?
Replies: 22
Views: 1707

Re: CryptoHeads: What's next after NFTs?

cryptobeaniebabies
by bberris
Thu Apr 08, 2021 5:28 am
Forum: Investing - Theory, News & General
Topic: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?
Replies: 108
Views: 11507

Re: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?

watchnerd wrote: Tue Apr 06, 2021 11:37 pm Hmmm.

If it's just that easy, why hasn't it been done before and / or isn't done by more companies?
There is another essential part of the scheme: the stock price has to go up. This happens automatically when you are in the convertible-index virtual cycle, but the pump needs priming.
by bberris
Fri Apr 02, 2021 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Why do I owe so much in Taxes?
Replies: 55
Views: 6761

Re: Why do I owe so much in Taxes?

Tax withholding is not a tax. It is a pay-as-you-go payment towards your final tax liability, just as an estimated tax payment would be. IRS has general guidelines and regulations for employers and employees to withhold at certain rates. These do not conform to everyone's tax situation. And finally,...
by bberris
Wed Mar 31, 2021 7:11 am
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 246
Views: 17419

Re: Non-fungible tokens (NFTs): anyone investing in those?

Interesting article https://www.theverge.com/2021/3/25/22349242/nft-metadata-explained-art-crypto-urls-links-ipfs The system usually relies on the Ethereum blockchain, which ensures a few things: it keeps an unalterable record of everyone who has owned the NFT, and it keeps the NFT from ever changi...
by bberris
Tue Mar 30, 2021 5:36 am
Forum: Personal Investments
Topic: Trade-off for less 401k company match
Replies: 29
Views: 2238

Re: Trade-off for less 401k company match

I would say it’s dollar for dollar since it’s pretax money either way. You have no way of knowing if you’ll be in a higher, same, or lower tax bracket when you retire. but he gets an additional $3360 now after tax from investing $14,000 pretax that he would lose in the new job. I think the point wa...
by bberris
Sun Mar 28, 2021 8:17 am
Forum: Personal Consumer Issues
Topic: exipred / obsolete propane jugs
Replies: 58
Views: 3922

Re: exipred / obsolete propane jugs

I found some old star handled propane tanks (long obsolete) and likely expired propane tanks (late 90s early 2000s vintage is my guess). They were kept out of the weather so they are not rusty. The only real issues it has the 5 star knob vs the modern 3 star which has some kind of internal safety v...
by bberris
Tue Mar 23, 2021 2:42 pm
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 246
Views: 17419

Re: Non-fungible tokens (NFTs): anyone investing in those?

Yes I can see the conspicuous consumption aspect. I think I could find a way to throw money away that would make a bigger splash.
by bberris
Tue Mar 23, 2021 6:58 am
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 246
Views: 17419

Re: Non-fungible tokens (NFTs): anyone investing in those?

I'm mystified. What am I buying here? I can already enjoy the profundity of Dorsey's tweet, especially the way he left out the "e" in "twittr" as if my teenage nephew had done it. It's free to read and enjoyable by everyone. The owner can't stop my joy at reading this again and a...
by bberris
Mon Mar 22, 2021 2:35 pm
Forum: Personal Consumer Issues
Topic: Dealing with an extremely weird seller
Replies: 34
Views: 3867

Re: Dealing with an extremely weird seller

This is simply a negotiating tactic, assuming the seller is not mentally ill. If this is the only symptom you see, he is probably somewhat sane. Are you going to play? He wants you to name a price first.
by bberris
Sun Mar 21, 2021 1:39 pm
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 246
Views: 17419

Re: Non-fungible tokens (NFTs): anyone investing in those?

Since these are the most vaporous of vapor, I have a feeling that at least some of these transactions are shams or shills.
by bberris
Thu Mar 18, 2021 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: America Rescue Plan and Tax Software Updates
Replies: 21
Views: 2091

Re: America Rescue Plan and Tax Software Updates

OLT has been updated, and ready to file. They warn not to file an amended return just for the change to unemployment benefits tax. MN taxes unemployment benefits; no word on whether they will conform to federal, but I'm going to try it anyway.
by bberris
Thu Mar 18, 2021 5:14 am
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 246
Views: 17419

Re: Non-fungible tokens (NFTs): anyone investing in those?

We need a word for when real life becomes satire. I thought the Charmin thing was a joke; I'm still hoping it is.
by bberris
Wed Mar 17, 2021 5:38 am
Forum: Personal Investments
Topic: NUSI: ETF that uses a collar option strategy to protect against downside
Replies: 17
Views: 1782

Re: NUSI: ETF that uses a collar option strategy to protect against downside

Ok, I had some times so compares this with BND, total bond market. See below. Why would I not just increase bnd allocation, with lower expenses and also simpler invesment, get same or better results? Bonds are there to minimize drawdowns, something that this etf will do, with all kind of maneuvers....
by bberris
Tue Mar 16, 2021 6:58 pm
Forum: Personal Investments
Topic: NUSI: ETF that uses a collar option strategy to protect against downside
Replies: 17
Views: 1782

Re: NUSI: ETF that uses a collar option strategy to protect against downside

Alternative: save the 0.7 % expense and buy the corresponding ETF for the NASDAQ 100 and index options (buy a put, sell a call)
by bberris
Tue Mar 16, 2021 8:25 am
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 366
Views: 26261

Re: Received 3rd stimulus check 3/12/21

Mine is showing up as pending with a March 17 availability date! Treasury is issuing payments with a March 17 settlement date. Some banks are giving advance availability. They think the payer is good for it. My credit union will thoughtfully give me access earlier to my direct deposits such as thes...
by bberris
Tue Mar 16, 2021 7:44 am
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 366
Views: 26261

Re: Received 3rd stimulus check 3/12/21

Tigermoose wrote: Sat Mar 13, 2021 9:56 am Mine is showing up as pending with a March 17 availability date!
Treasury is issuing payments with a March 17 settlement date. Some banks are giving advance availability. They think the payer is good for it.
by bberris
Tue Mar 16, 2021 7:37 am
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 246
Views: 17419

Re: Non-fungible tokens (NFTs): anyone investing in those?

Brett Arend's take on NFTs:
https://www.marketwatch.com/story/nfts- ... ett-arends

I love the line about Postmodern Monetary Theory.
by bberris
Tue Mar 16, 2021 6:38 am
Forum: Investing - Theory, News & General
Topic: Why is Grayscale Bitcoin Trust trading at a negative premium?
Replies: 32
Views: 3170

Re: Why is Grayscale Bitcoin Trust trading at a negative premium?

So a market participant can trade bitcoin for GBTC, but not redeem GBTC for bitcoin. Nice deal for the management. It's the Roach Motel of ETFs. Or maybe the Hotel California of ETFs. Using the words "negative premium" implies that premium is normal. One usually says "discount" f...
by bberris
Mon Mar 15, 2021 12:20 pm
Forum: Investing - Theory, News & General
Topic: BlockFi Interest Account (8.6% APY) with Stablecoin
Replies: 117
Views: 13223

Re: BlockFi Interest Account (8.6% APY) with Stablecoin

Those smart people are probably smart enough to negotiate a prior claim on the assets over the hoi polloi.
by bberris
Sat Mar 13, 2021 11:35 am
Forum: Investing - Theory, News & General
Topic: BlockFi Interest Account (8.6% APY) with Stablecoin
Replies: 117
Views: 13223

Re: BlockFi Interest Account (8.6% APY) with Stablecoin

According to this post, https://news.bitcoin.com/dropping-gbtc-premium-anonymous-group-claims-blockfi-facing-solvency-issues-due-to-exposure-to-the-btc-trust/ Blockfi paying 6 % can only be profitable when GBTC is at a premium of 8 % or more. The discount is 7 % now. The thesis is that Blockfi buys ...
by bberris
Sat Mar 13, 2021 10:09 am
Forum: Personal Investments
Topic: American Rescue Plan - Roth conversions with ACA PTC?
Replies: 14
Views: 1125

Re: American Rescue Plan - Roth conversions with ACA PTC?

This chart was helpful. The main takeaway is that your marginal rate varies through the 0 to 400 % FPL in a not intuitive way, because the subsidy limit applies to all of your MAGI. https://seattlecyclone.com/wp-content/uploads/2021/02/ACA-Premium-Tax-Credit-Phase-out.svg Source: https://seattlecycl...
by bberris
Wed Mar 10, 2021 8:45 am
Forum: Personal Finance (Not Investing)
Topic: HSA through my job is so confusing.
Replies: 10
Views: 1061

Re: HSA through my job is so confusing.

Hello all, I am having quite the run of trying to understand why I would go HSA through my employer. I have two choices: PPO at $87 per pay period with $4000 deductible HSA PPO at $88 per pay period with $2500 deductible My company doesn't contribute anything to the HSA and I would have to throw mo...
by bberris
Tue Mar 09, 2021 7:10 am
Forum: Personal Investments
Topic: Stable Value Fund only ~1.5%
Replies: 13
Views: 1820

Re: Stable Value Fund only ~1.5%

You get 1.5% and no interest rate risk. That sounds like a good deal with rates going up. There is an interest rate (and default) risk, but it is less than an ordinary bond fund because of the insurance backing. You can search for previous posts; I seem to remember a few % loss resulted. The risk o...
by bberris
Sat Mar 06, 2021 7:42 am
Forum: Personal Consumer Issues
Topic: Does anyone use travelers checks any more?
Replies: 110
Views: 5746

Re: Does anyone use travelers checks any more?

CardinalRule wrote: Fri Mar 05, 2021 3:23 pm
furwut wrote: Thu Mar 04, 2021 10:34 am Karl Malden still won’t leave home without them.
:happy This thread has truly been a blast from the past. :happy
I can't play my 8-tracks in the car anymore. But I do have all these vinyl records. I'm waiting for the bubble in vinyl to sell them.
by bberris
Sat Mar 06, 2021 6:39 am
Forum: Personal Investments
Topic: Stable Value Fund only ~1.5%
Replies: 13
Views: 1820

Re: Stable Value Fund only ~1.5%

You get 1.5% and no interest rate risk. That sounds like a good deal with rates going up. There is an interest rate (and default) risk, but it is less than an ordinary bond fund because of the insurance backing. You can search for previous posts; I seem to remember a few % loss resulted. The risk o...
by bberris
Wed Mar 03, 2021 1:52 pm
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 246
Views: 17419

Re: Non-fungible tokens (NFTs): anyone investing in those?

Maybe this is useful for professional photographers? Just store all your images on a website and let companies take what they want and then pay for it with NFTs. If a private user "steals" the image, there's no harm done since that private user would never pay for it anyway. But if a webs...
by bberris
Tue Mar 02, 2021 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Index Universal Life for Cryonics
Replies: 52
Views: 5064

Re: Index Universal Life for Cryonics

There's a place down the street that also advertises eternal life. Not so pricey though.
by bberris
Sun Feb 28, 2021 1:10 pm
Forum: Personal Investments
Topic: After Tax Annuity: 20% Downside Limit, 100% Upside Cap, 6 Yr Term??
Replies: 19
Views: 1151

Re: After Tax Annuity: 20% Downside Limit, 100% Upside Cap, 6 Yr Term??

So I calculate returns and find that one has to look at the absolute worst 6 years stretches over the last 50 years to ever have the “20% downside protection” apply -- and even then only offer a few percentage points of net benefit over not having this protection. Even in well below average markets...
by bberris
Wed Feb 24, 2021 10:19 am
Forum: Personal Consumer Issues
Topic: Trip Insurance? Risk Tolerance?
Replies: 26
Views: 1463

Re: Trip Insurance? Risk Tolerance?

Thanks for the responses, Cigna had told me that I would need to pay any expenses and then request reimbursement afterward. I really hate having to buy additional insurance when it seems i have adequate but since the insurance is so cheap I might just bite the bullet. How does separately purchased ...
by bberris
Tue Feb 23, 2021 10:20 am
Forum: Investing - Theory, News & General
Topic: Friends don't let friends buy annuities...
Replies: 35
Views: 3869

Re: Friends don't let friends buy annuities...

loukycpa wrote: Mon Feb 22, 2021 6:15 pm
buhlaxtus wrote: Sun Feb 21, 2021 2:20 pm You know this is firm "keep your mouth shut" territory :)
+1
You know what would happen if you were to convince them to go 60/40 and the market crashed, right? You'll have that immoral advisor gloating and you'll lose a friend.
by bberris
Mon Feb 22, 2021 3:33 pm
Forum: Personal Investments
Topic: Need help with building dividend focused portfolio
Replies: 27
Views: 2377

Re: Need help with building dividend focused portfolio

I assume that you know that dividends are double taxed. Huh? https://www.investopedia.com/ask/answers/03/102203.asp Doesn't that also apply to realized capital gains? No. Only the stock holder pays the tax when they realize the gains. I think he has a point, in principle. When a corporation retains...
by bberris
Sun Feb 21, 2021 5:01 pm
Forum: Personal Consumer Issues
Topic: Cost to build a southern home like you are in Minnesota with pipe protection for freezes
Replies: 95
Views: 6713

Re: Cost to build a southern home like you are in Minnesota with pipe protection for freezes

I've had frozen pipes and one burst in south Louisiana. I've never had a frozen pipe in Minneapolis. The water service comes out of the ground outside in Louisiana; it comes in through the basement in Minnesota. It sure would be easy to put valves on the inside for the outdoor faucets. While we are ...
by bberris
Fri Feb 19, 2021 9:04 am
Forum: Investing - Theory, News & General
Topic: How to Invest in Crypto like a Boglehead?
Replies: 187
Views: 20280

Re: How to Invest in Crypto like a Boglehead?

How do I buy high expense ratio, managed mutual funds like a Boglehead?
by bberris
Thu Feb 18, 2021 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: medicare without supplement
Replies: 45
Views: 3827

Re: medicare without supplement

Reviving this thread because I have some numbers to add. I wrote above about MSA medicare advantage and recommended it to the OP considering self insuring for the gaps in medicare. I can see that there are very few subscribers and that there may be some provider resistance. I doubt that I will run i...
by bberris
Tue Feb 16, 2021 4:45 pm
Forum: Personal Investments
Topic: 18 to 100 percent annual return fund
Replies: 145
Views: 12216

Re: 18 to 100 percent annual return fund

The best schemes make you work a little to get in on it. Exclusivity is powerful. Remember the "Friends of Bernie"? Other schemes convince you that you're one of the few who are wise enough to see the opportunity and profit. (Unlike those head-buried-in-the-sand bogleheads) That's part of...
by bberris
Tue Feb 16, 2021 7:06 am
Forum: Personal Investments
Topic: 18 to 100 percent annual return fund
Replies: 145
Views: 12216

Re: 18 to 100 percent annual return fund

Look into optionsellers.com saga and how this guy who wrote books on selling options and appeared as a guest commenter on cnbc blew up selling options ... should give you a hint at anyone who claims to be an expert lol. Oh if you want a laugh here is his apology video after losing the money and lea...
by bberris
Sun Feb 14, 2021 8:45 am
Forum: Personal Investments
Topic: HSA investment: choose fund with better performance or lower fees?
Replies: 11
Views: 711

Re: HSA investment: choose fund with better performance or lower fees?

Predictable: future costs of a fund.
Not predictable: future performance of a fund.
by bberris
Wed Feb 10, 2021 8:21 am
Forum: Investing - Theory, News & General
Topic: Bitcoin ETF (GBTC): Is 17% premium irrelevant?
Replies: 58
Views: 5887

Re: Bitcoin ETF (GBTC): Is 17% premium irrelevant?

The premium is not planned or built into the fund. It may go public at a premium but after that the market determines the price. GBTC was not planned for a premium either, it just happens because of the lockup and the frenzied bitcoin demand.
by bberris
Wed Feb 10, 2021 7:40 am
Forum: Investing - Theory, News & General
Topic: Bitcoin ETF (GBTC): Is 17% premium irrelevant?
Replies: 58
Views: 5887

Re: Bitcoin ETF (GBTC): Is 17% premium irrelevant?

You can sell whenever you want.
The lockup means agents who trade bitcoin for GBTC have to wait 6 months to sell. This ensures that agents don't make a quick buck and threaten the premium, and also that bitcoin always goes up. It's the way.
by bberris
Mon Feb 08, 2021 9:33 am
Forum: Personal Investments
Topic: Hospital acquisition - benefits questions
Replies: 7
Views: 966

Re: Hospital acquisition - benefits questions

Yes, you will have to correct the contribution, unless you get coverage under an high-deductible HSA plan. Not all high deductible insurance is HSA compliant. Here's how to correct it from IRS pub 969: Excess contributions. You will have excess contributions if the contributions to your HSA for the ...
by bberris
Sun Feb 07, 2021 11:33 am
Forum: Personal Investments
Topic: Hospital acquisition - benefits questions
Replies: 7
Views: 966

Re: Hospital acquisition - benefits questions

When you say no HSA, does that mean your health insurance is no longer HSA compliant? You will have to prorate your contribution limit to the number of months that you have HSA insurance. Or does that just mean the employer will not sponsor or contribute to your HSA, but your insurance will still be...
by bberris
Sat Feb 06, 2021 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Why aren’t lender and owner title insurance duplicative of one another?
Replies: 21
Views: 1343

Re: Why aren’t lender and owner title insurance duplicative of one another?

adamthesmythe wrote: Thu Feb 04, 2021 12:00 pm The lender doesn't require an ADDITIONAL title policy. The lender requires a policy that protects its interest.

The OWNER title policy is optional.
Yet the lender does not require a separate hazard insurance policy to protect their interest.
by bberris
Fri Feb 05, 2021 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Waiting Till Age 70 to Draw SS
Replies: 129
Views: 9370

Re: Waiting Till Age 70 to Draw SS

ososnilknarf wrote: Wed Feb 03, 2021 8:19 pm This is the post that sold me on waiting until 70:
viewtopic.php?f=10&t=102609

Very simple explanation. Works for me.
Yes, an eye-opener for me too. And what about that fish?! And where is Cut-throat?
by bberris
Thu Feb 04, 2021 8:47 am
Forum: Investing - Theory, News & General
Topic: Fixed Index Universal Life Insurance for Newborn (Advocating Against)
Replies: 5
Views: 224

Re: Universal Life Insurance for Newborn (Advocating Against)

It's absurd because you are not depending on this baby for your income. It's absurd and costly to use a life insurance contract to invest. And finally, the emotional aspect: can you imagine the toll of the death of a child and then getting money for it? Ask if they would open a UGTMA account for the...