Recent content by Travelwanted

2 points: 1- being able to buy a jet or yacht is just the beginning…maintaining these toys is extremely expensive. 2- private jets cost about 2k-10k per hour depending on the plane size. We are above that 99Th% and have never done this. We only occasionally fly business and only on long...

While Coronavirus is a real threat I do not think it will wipe out a significant portion of the Earth's population, unlike the Spanish flu that infected 500 million and killed 50-100 million in 1918. I do take issue with China "taking it seriously"...

DawgMan, I am supposed to be ER now but was asked to stay on a bit longer while they find my replacement. Our numbers support 300+k/yr incl. tax. Yet I am budgeting far less at around 180-200k. I just don't feel comfortable spending that much but perhaps as I gain more confidence that will...

I turned in my notice - 2 more weeks to go! After about 4 years of OMY syndrome I am finally cured. I went PT about 4 years ago to downshift and now even that feels too much. I highly recommend the gradual approach. Cold turkey would not have worked for me. I thank the good folks here at...

I think I can relate. Finances are solid, 80+x annual burn rate. Do expect that burn rate to rise as kids age, though. But when I am honest with myself, we are easily FI. I don't think this is our issue. I completely agree with others that the higher incomes have a harder time walking away...

Not sure if anyone has any insights, suggestions, etc but over 8 months ago my CPA amended our 2015 and 2016 returns. The reason was recent clarification from the IRS about taxes on a portion of our income led to a lower tax burden. The CPA included an explanation for the change with the...

Very interesting thread. Lower, lower middle class for me. Money was a common topic - we don't have any. Rarely ate out - and then only fast-food. Ate left overs for days and days...ugh... Started working before I could drive. At age 16-17 recall working at midnight on a particular...

The general advice at bogleheads.org is to avoid it.

They've never stated an hourly rate.

My CPA has been charging us about 900/year for a pass-through income LLC return (simple return) and another 2500/year for personal return. Recently they charged us 1200 to revise 2 years at their direction because they recharacterized some income. It saved us a lot in taxes so I was happy...

Well...again not what I expected. So to keep below the 77,000 income threshold took 1/2 of the money from the munis and put it into the 2 taxable bond funds above. That created about 45,000 in tax-exempt and 56,200 in taxable. I plugged those into turbo tax using the exact same info on...

Thanks RunningBum. Yep, I should have known this. It's in my notes: ordinary income (interest) < 77,200...qualified div/LTCG at 0%. So to your point, I could potentially maximize my after-tax income by earning UP TO 77k in taxable bond interest, leaving the remainder in munis. >95% of our...

Because of my income I have been 100% munis on the bond side of my portfolio. However, next year I will have no ordinary income for the first time. I have been trying to calculate the best after-tax scenario. In other words, should I sell my munis and buy taxable bonds? So I plugged in the...

I'm a car guy also. Definitely do the porsche driving experience in Atlanta. I did it and it was incredible. Ironically it made me want another 911 less. I drove the sh*t out of a cayman s and had a blast. But, no way you can drive like that normally. A few years back I had a 911 turbo...

Exactly Audrey. And it also appears the application is a bit easier per Cathy's link. Less documentation. I know we considered Spain but the application for a non-lucrative visa is a PITA apparently. With an EU spouse, application with marriage certificate is all that is needed for a...