Search found 1992 matches

by barrett
Tue Apr 23, 2024 7:47 am
Forum: Politics
Topic: Taxes
Replies: 25
Views: 766

Re: Taxes

Hi, Welcome to the United States of America. You're free here, but you'll need some money. Go get a job. ...Two weeks go by. Here's your pay, but you only get half of it because you gotta do your part. We live in a society that pays for tons of shit on our behalf that we like to forget about when i...
by barrett
Mon Apr 15, 2024 4:23 pm
Forum: Politics
Topic: Taxes
Replies: 25
Views: 766

Re: Taxes

There is a term for this as you can see from the below article. I assume you are somewhat unaware of this because you are not yet collecting Social Security. I was also oblivious to it until it became a reality for me. Ah, right, the dreaded SS tax torpedo that I see discussed on Bogleheads and for...
by barrett
Mon Apr 15, 2024 4:37 am
Forum: Politics
Topic: Taxes
Replies: 25
Views: 766

Re: Taxes

Vinny, You seem to be saying that if you have $10,000 taxed at 22% and another $10,000 also taxed at 22% that you now have $20,000 being taxed at 44%. The tax on that $20,000 is $4,400, not $8,800. Remember that you have $11,600 that is only taxed at 10% and that the next $35,550 is only taxed at 12...
by barrett
Sun Apr 14, 2024 11:40 am
Forum: Politics
Topic: Taxes
Replies: 25
Views: 766

Re: Taxes

The whole Social Security thing is a double tax as not only will those Require Minimum Distributions push me well into the 22% marginal tax bracket ... it will also result in more Social Security being taxed (at that 22% marginal tax bracket). Seems like that could be viewed as a 44% federal tax ra...
by barrett
Sun Apr 14, 2024 6:27 am
Forum: Politics
Topic: Taxes
Replies: 25
Views: 766

Re: Taxes

You are correct about effective tax rate ...which is different from marginal tax rate, which is the tax rate on your next $$$ earned. For my 2023 tax return I am in the 22% federal tax bracket. State is 5%. Therefore, 27% total for the next $$$ earned. But then there is Social Security / Medicare, ...
by barrett
Fri Apr 12, 2024 8:27 am
Forum: Cash
Topic: iBonds / TreasuryDirect
Replies: 6
Views: 3794

Re: iBonds / TreasuryDirect

The new variable rate on I-bonds issued 5/1/24 to 10/31/24 is 2.96%. Article by David Enna is here:

https://tipswatch.com/2024/04/10/march- ... e-at-2-96/

He is also forecasting a fixed rate of 1.2% or 1.3%. So a 4.26% composite rate more or less.
by barrett
Tue Apr 09, 2024 7:26 am
Forum: Cash
Topic: iBonds / TreasuryDirect
Replies: 6
Views: 3794

Re: iBonds / TreasuryDirect

I just sold some 0% fixed rate I-Bonds and bought new ones at 1.3% (Fixed rate at 1.3% through the end of April) Per one YouTube video I say, the fixed rate likely to be slightly lower May 1 And, figured 1.3% is better than my 0%, even with the 3 month interest penalty for selling before 5 years ar...
by barrett
Sat Apr 06, 2024 9:35 am
Forum: Permanent Portfolio Discussion
Topic: Investments Versus Liquidity
Replies: 3
Views: 337

Re: Investments Versus Liquidity

Lets consider investments to be money we give to other people in the hope that it grows, and liquidity to be the money we set aside to ensure we can meet our day to day obligations “whatever the future brings”. From this lens, stocks are investments and bonds, cash, and gold are about liquidity, ri...
by barrett
Sat Apr 06, 2024 9:15 am
Forum: Gold
Topic: Why the big move in gold?
Replies: 77
Views: 76267

Re: Why the big move in gold?

Should have checked before I posted that, Vinny. Yes, it works in reverse. This is the Investopedia link: https://www.investopedia.com/terms/r/ruleof72.asp#:~:text=The%20rule%20can%20also%20be,72%20%2F%206%20%3D%2012). But back to my main point. Looking for a reliable site for the "real" r...
by barrett
Sat Apr 06, 2024 8:01 am
Forum: Gold
Topic: Why the big move in gold?
Replies: 77
Views: 76267

Re: Why the big move in gold?

Whoah!! Almost 2300. I have the same question as the title of this thread....is this because people think the Middle East situation is spinning out of control? Or that some kind of economic apocalypse is being predicted and I just haven't noticed? Or, do we indeed have inflation, it's just not refl...
by barrett
Thu Mar 14, 2024 4:08 am
Forum: Stocks
Topic: What am I missing here?
Replies: 15
Views: 706

Re: What am I missing here?

I agree to a great extent. However, it’s not about just wealth, but value, Barrett. New treatments for ailments, the democratization of the cellphone, etc. Granted there are all kinds of problems — surprise medical costs & out-of-pocket health insurance rates; unaffordable housing, and so forth...
by barrett
Wed Mar 13, 2024 9:56 am
Forum: Stocks
Topic: What am I missing here?
Replies: 15
Views: 706

Re: What am I missing here?

• 50K to 350K over 15 years is 13.85% annualized, right? Is that so dramatic? This is why I’ve always been stock heavy. • As we know, the market moves in fits and starts, thus “time in the market, not timing the market.” What was that ten-year period where the S&P returned nothing? Maybe 2000 t...
by barrett
Wed Mar 13, 2024 6:32 am
Forum: Stocks
Topic: What am I missing here?
Replies: 15
Views: 706

Re: What am I missing here?

Could anyone explain to me what caused such a dramatic increase? Has US productivity increased that much? I believe that the Trump tax cuts in late 2017 (TCJA) helped stocks here in the US a lot. This is hardly a thrilling read but might help: https://www.taxpolicycenter.org/briefing-book/how-did-t...
by barrett
Wed Mar 13, 2024 6:11 am
Forum: Bonds
Topic: What's the actual rationale for investing in long term bonds?
Replies: 15
Views: 906

Re: What's the actual rationale for investing in long term bonds?

I decided back in about 2017 not to hold long bonds because they tend to do great for a short period of time and then give up their gains quickly. See the data here: https://fred.stlouisfed.org/series/DGS30 Plug in an earlier start date so that you can see their performance in late 2008 and early 20...
by barrett
Fri Mar 01, 2024 5:18 am
Forum: Cash
Topic: Placement of cash (vs other PP assets)
Replies: 17
Views: 1866

Re: Placement of cash (vs other PP assets)

Cash: looks like these high interest rates aren’t going to last anyway. You may be right - but it's so thorny trying to predict the future. Actually you ARE right given a long enough time horizon. How long? Who knows! It's probably a good idea to make sure anything you do is reversible in case we e...
by barrett
Tue Feb 06, 2024 6:16 am
Forum: Other Discussions
Topic: Will following the tips of 'longevity gurus' really keep you healthy to 100? From walking barefoot and ice baths to pump
Replies: 2
Views: 708

Re: Will following the tips of 'longevity gurus' really keep you healthy to 100? From walking barefoot and ice baths to

Didn't read the article, but the one thing I would add to boglerdude's list is having favorable genetics. In fact that may outweigh all other factors put together. Of course, one can't change anything about their genetics. Boglerdude's post outlines several changes that one can consciously take.
by barrett
Mon Feb 05, 2024 2:48 pm
Forum: Other Discussions
Topic: Life Insurance in Retirement
Replies: 1
Views: 191

Re: Life Insurance in Retirement

A few random thoughts... There's obviously no one-size-fits-all answer for this but I cancelled my life insurance last year (at age 64) with about seven years left on a 20-year term. My wife is almost 57 and still has hers. My premium was high(ish) at about $115 per month. In our case our house is p...
by barrett
Sun Dec 31, 2023 3:17 pm
Forum: Other Discussions
Topic: Harry Dent: ‘Crash of a Lifetime’ Coming in 2024
Replies: 15
Views: 101286

Re: Harry Dent: ‘Crash of a Lifetime’ Coming in 2024

Can’t wait to hear what Jeremy Grantham has to say. “ This time…” O0 Or that guy who’s been advertising on the finance news channels for 2 years saying something terrible is coming. Man, this got me thinking about Jim Rickards and the first hit I got was a a podcast from 2/2/23 in which he predicte...
by barrett
Sun Dec 31, 2023 3:05 pm
Forum: Permanent Portfolio Discussion
Topic: 2023 Returns
Replies: 25
Views: 151230

Re: 2023 Returns

a cnbc article states: The benchmark S&P 500 ended the year with a 24.2% gain, … An investor who had $500,000 in the S&P 500 index around 12 months ago, would have roughly $630,000 now, according to an analysis by Morningstar Direct. Without really doing the calculation, wouldn’t that mean ...
by barrett
Sat Dec 30, 2023 4:09 pm
Forum: Permanent Portfolio Discussion
Topic: 2023 Returns
Replies: 25
Views: 151230

Re: 2023 Returns

Don't have an exact number but it looks like our investment accounts are up 14% to 15% this year. Those accounts are roughly 35% stocks, 15% gold and 50% short-term US debt. So we've avoided the negative impact of poor long bond returns but will also lose out should interest rates continue to declin...
by barrett
Mon Dec 04, 2023 6:14 am
Forum: Bonds
Topic: Why This Vanguard Inflation Fighter Gets a High Rating
Replies: 4
Views: 7536

Re: Why This Vanguard Inflation Fighter Gets a High Rating

Curious why you posted this article, Vinny, as it seems to be a plug for this particular fund while expounding on its thoroughly average results. For example: << Given its buttoned-up process, the fund’s long-term performance has been near the median of inflation-protected bond peers. Its Admiral sh...
by barrett
Sat Nov 18, 2023 10:03 am
Forum: Cash
Topic: I-Bond fixed rate rises to 1.3%, highest in more than 16 years
Replies: 24
Views: 40951

Re: I-Bond fixed rate rises to 1.3%, highest in more than 16 years

Just wanted to add the obvious.. that if the 5/1/24 reset ends up being just a shade over the current 1.3%, it's perhaps advantageous to buy now (or toward the end of January, 2024 if you have already purchased your $10,000 max for 2023) and get the clock ticking a few months sooner. Much depends on...
by barrett
Thu Nov 16, 2023 2:02 pm
Forum: Cash
Topic: I-Bond fixed rate rises to 1.3%, highest in more than 16 years
Replies: 24
Views: 40951

Re: I-Bond fixed rate rises to 1.3%, highest in more than 16 years

What is the earliest date when the fixed rate forecast becomes more or less accurate? Will it be a couple weeks before May 1st? I want to set up a reminder for myself so I don't miss the narrow window to buy at the current rate if the announced May rate will be lower. Alas, the fixed rate is usuall...
by barrett
Mon Nov 06, 2023 11:40 am
Forum: Bonds
Topic: High TIPS Yields Are a Retiree’s Best Friend
Replies: 6
Views: 21762

Re: High TIPS Yields Are a Retiree’s Best Friend

Quick question, Vinny... Have you actually bought any TIPS yet or are you still just researching them? Have not yet bought any. But when I do it will be significant mega-amounts. The urgency has somewhat been mitigated by the present levels of yield from the Vanguard Treasury Money Market Fund. The...
by barrett
Mon Nov 06, 2023 3:56 am
Forum: Bonds
Topic: High TIPS Yields Are a Retiree’s Best Friend
Replies: 6
Views: 21762

Re: High TIPS Yields Are a Retiree’s Best Friend

Quick question, Vinny...

Have you actually bought any TIPS yet or are you still just researching them?