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Re: Vanguard Tot Intl and Emerging Markets just got cheaper

How many Starbucks grande drips is that a year? 0.0002 x $100,000 = $20 = 10 grandes (@ $2 per). Once you have $1 million in Total International, it starts to add up. It's my biggest single holding, so my overall ER went from .096 to .091. Very noticeable. It must be nice that half a basis point ma...
by EmergDoc
Fri Feb 27, 2015 3:44 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Tot Intl and Emerging Markets just got cheaper
Replies: 55
Views: 5591

Re: physicians [Frustrated, considering early retirement]

Frustrated, at times, yes. "Considering" early retirement? Not considering it, going to do it. Working hard for a few more years or less then dialing it back. Currently saving over 50% of income to do so. Can't wait for FI! :moneybag That's what I'm talking about. Either do work you like ...
by EmergDoc
Thu Feb 26, 2015 6:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 7892

Re: physicians [Frustrated, considering early retirement]

For EmergDoc, I recently retired due to burnout. The problem is never with the patient whose life you saved. The problem is with the patient with a stubbed toe who becomes irate that that they had to wait forever to be seen because you were busy saving that persons life. They don't understand that ...
by EmergDoc
Thu Feb 26, 2015 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 7892

Re: physicians [Frustrated, considering early retirement]

If one took out $350k of student loans to become a doctor then that person has made a number of catastrophic financial decisions (which cannot be blamed on medicine). I have sympathy for that person's predicament, but they bear personal responsibility for putting themselves in that position. You se...
by EmergDoc
Thu Feb 26, 2015 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 7892

Re: Have I made a terrible mistake? - whole life

It might be a terrible mistake, but it's certainly a common one. I've made it too. This post may help you evaluate your options.

http://whitecoatinvestor.com/how-to-dum ... fe-policy/
by EmergDoc
Thu Feb 26, 2015 1:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have I made a terrible mistake? - whole life
Replies: 19
Views: 2244

Re: Should you tip when picking up takeout food?

If I'm leaving a tip all I should have to do is eat. They bring me a menu. They take my order. They bring me my food. They refill my water glass. They ask if I want dessert. They bring me the check etc. Otherwise, no tip. I'll make an exception for those restaurants where you pay on the way out (Den...
by EmergDoc
Thu Feb 26, 2015 1:48 pm
 
Forum: Personal Consumer Issues
Topic: Should you tip when picking up takeout food?
Replies: 48
Views: 2708

Re: physicians

I think the part about the 28 hours a week may explain something!; I'm about 80 hrs a week Why? Do you owe money to someone? Residency taught me a lot of things, one of which was that I wouldn't be very happy working 80 hours a week the rest of my life. Granted, my 28 hours a week, while accurate, ...
by EmergDoc
Wed Feb 25, 2015 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 7892

Re: Is the first 100k really the hardest?

The first "whatever milestone" IS harder than the next milestone of the same size because you don't have your money working for you as much. When you're going from $100K to $200K, you not only have your work, but also the work of that first $100K to help you get there. Capitalism is a beau...
by EmergDoc
Wed Feb 25, 2015 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 41
Views: 4741

Re: physicians

Nothing helps me appreciate my clinical job as much as my other job. Outside of medicine, I have to really bust my butt to make a six figure salary. Inside of medicine, I just have to show up and not kill anyone for 28 hours a week and these gigantic deposits show up in my checking account every mon...
by EmergDoc
Wed Feb 25, 2015 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 7892

Re: How much did you have saved up for retirement at age 30?

CrowTRobot wrote:Whatever loose change was in my car's ashtray.


Returns on that are tax-free, right?
by EmergDoc
Tue Feb 24, 2015 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 146
Views: 8888

Re: Exit Strategy VUL policy

For the size of your policy, I think you'll find the Jefferson National VA attractive. Prices are fixed. You could buy LTC insurance too, but given your assets, you're probably self-insuring that. I wrote a post that might help:

http://whitecoatinvestor.com/how-to-dum ... fe-policy/
by EmergDoc
Tue Feb 24, 2015 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Exit Strategy VUL policy
Replies: 10
Views: 714

Re: Help! I can't afford to eat on my South Beach vacation

While I've definitely got a frugal streak that makes spending painful sometimes, I try to worry about that beforehand and then enjoy myself in the moment. If you go to a restaurant, don't cheap out on the tip. If you go to South Beach, don't starve yourself. The time to worry about that is before an...
by EmergDoc
Tue Feb 24, 2015 2:03 am
 
Forum: Personal Consumer Issues
Topic: Help! I can't afford to eat on my South Beach vacation
Replies: 59
Views: 4594

Re: How much did you have saved up for retirement at age 30?

I had a negative net worth at 28, a four figure portfolio at 30, a six figure portfolio at 33-34ish and a 7 figure net worth by 38. Was a few thousand at age 30 enough? I don't know. It was what it was. That's where I was in life. I wasn't making much. Too much focus in this forum is often put on in...
by EmergDoc
Tue Feb 24, 2015 1:56 am
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 146
Views: 8888

Re: Real estate investing the Boglehead way

I really like Reed's books. I reviewed one here: http://whitecoatinvestor.com/best-practices-for-the-intelligent-real-estate-investor-a-review/ If nothing else, go to his site and read his bit on Kiyosaki. As far as forums, the best is BiggerPockets. Real estate the Boglehead way is probably REITS. ...
by EmergDoc
Mon Feb 23, 2015 7:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real estate investing the Boglehead way
Replies: 10
Views: 1277

Re: Moving to Anchorage from Dallas

Plan on your housing costing twice as much in Alaska as in Dallas. Contrary to the post above, you don't necessarily get all that back when you sell. There's a lot of factors that go into how much your house appreciates, but one thing is for certain (assuming you can't pay cash for a house)- you wil...
by EmergDoc
Mon Feb 23, 2015 4:05 pm
 
Forum: Personal Consumer Issues
Topic: Moving to Anchorage from Dallas
Replies: 30
Views: 2457

Re: Hsa payroll tax

SS caps out, but not medicare. So if you make $200K, its 1.45% * $6650 = $96.43 a year in tax savings to stick with the employer deducting it and sending it to their favored HSA vs what you'd have if you just used your own HSA somewhere else. You can roll the money out of the employer plan periodica...
by EmergDoc
Sun Feb 22, 2015 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hsa payroll tax
Replies: 7
Views: 635

Re: Moving to Anchorage from Dallas

You'll probably break even on the 20% raise. That's not a good reason to go to Alaska. You need to want to be there. Those who don't, usually leave after the first Winter. That's why Alaskans are the happiest people. All those who aren't happy there have already left. Dallas has a very low cost of l...
by EmergDoc
Fri Feb 20, 2015 10:37 am
 
Forum: Personal Consumer Issues
Topic: Moving to Anchorage from Dallas
Replies: 30
Views: 2457

Re: Dual Momentum Investing

Remember that any strategy that comes from backtesting is going to look fantastic when you compare it to backtested data. Because that's where it comes from. It does no good to go back and look at more backtested data to see how it did, especially recent backtested data. The proof is in the pudding,...
by EmergDoc
Thu Feb 19, 2015 12:27 am
 
Forum: Investing - Theory, News & General
Topic: Dual Momentum Investing
Replies: 55
Views: 4167

Re: The 8x retirement savings rule

The whole rule is flawed. It simply doesn't apply. When you ask the question of whether or not you have enough to retire, the question is how much you have vs how much you spend, not how much you make. This is similar to the stupid mistake the rule in The Millionaire Next Door that determines if you...
by EmergDoc
Thu Feb 19, 2015 12:17 am
 
Forum: Investing - Theory, News & General
Topic: The 8x retirement savings rule
Replies: 83
Views: 7555

Re: Prorating Tax Refund with Dear Wife

I think I'm going to go give my wife a big hug. OP here. I don't know how to interpret this but for the record - It was my wife's idea to keep finances separate as we married late and it was her second marriage. She didn't like the way her first husband handled the finances so she wanted control of...
by EmergDoc
Wed Feb 18, 2015 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prorating Tax Refund with Dear Wife
Replies: 18
Views: 1698

Re: Is it true VTSAX Total Market fund...

I don't think so. Isn't Apple on the Nasdaq? I'm pretty sure the international fund is mostly if not completely non-NYSE stocks.
by EmergDoc
Wed Feb 18, 2015 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it true VTSAX Total Market fund...
Replies: 15
Views: 1451

Re: Prorating Tax Refund with Dear Wife

I think I'm going to go give my wife a big hug.
by EmergDoc
Wed Feb 18, 2015 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prorating Tax Refund with Dear Wife
Replies: 18
Views: 1698

Re: Dave Ramsey Lashes Out at His Financial Critics

fanmail wrote:I think the takeaway here is that the market needs a sensible get out of debt person with a boglehead investment mindset....


....who is as skilled at marketing as Dave Ramsey.
by EmergDoc
Wed Feb 18, 2015 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 9590

Re: 3-1/3% SWR = you can manage it by intuitive household bu

I'm with Taylor on this. The usefulness of a SWR rule is in determining more or less when you can retire (i.e. when assets equal 20-30X expenses-guaranteed income), not in actually managing your retirement cash flow. Arguing about whether the SWR is 3.3% or 3.7% is a waste of time and energy by thos...
by EmergDoc
Wed Feb 18, 2015 12:38 pm
 
Forum: Investing - Theory, News & General
Topic: 3-1/3% SWR = you can manage it by intuitive household budget
Replies: 40
Views: 3485

Re: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)

I've seen conflicting advice in various places. What determines the appropriate ratio? It is highly unlikely to matter. Those are unlikely to perform significantly differently from each other in a bull, in a bear, or over the long run. Worrying about little details like that isn't a very productive...
by EmergDoc
Wed Feb 18, 2015 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)
Replies: 90
Views: 3493

Re: Whole life policy - 5.5% for first year, 3.5% thereafter

Cool. That should produce a nice little boost to your return. It's not much, but it's better than a kick in the teeth.
by EmergDoc
Wed Feb 18, 2015 12:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole life policy - 5.5% for first year, 3.5% thereafter.
Replies: 4
Views: 322

Re: Mortgage for a medical resident (before start date)

I agree with most posters that residents in general shouldn't buy a house: http://whitecoatinvestor.com/10-reasons-why-residents-shouldnt-buy-a-house/ However, I'm also well aware that the OP is unlikely to take my advice for various reasons. He thus needs to learn about doctor loans: http://whiteco...
by EmergDoc
Wed Feb 18, 2015 12:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage for a medical resident (before start date)
Replies: 18
Views: 911

Re: The Non-Millionaire Next Door

Misers can always catch themselves and say 'oh no it's about charity, that's it' or some such but IMO it's fairly clear it's not always that rational. "Miser" is a pejorative. If someone derives pleasure simply from being rich, without any plans to spend his wealth, why should he be criti...
by EmergDoc
Tue Feb 17, 2015 3:34 pm
 
Forum: Investing - Theory, News & General
Topic: The Non-Millionaire Next Door
Replies: 43
Views: 6196

Re: The Non-Millionaire Next Door

I find after so many years of working, saving, & investing -- loosening up the purse strings is easier said than done. I know...it's a good problem to have, but the mentality doesn't just change over night. Best to practice a bit as you go along. I started in 2014. :) http://whitecoatinvestor.c...
by EmergDoc
Tue Feb 17, 2015 3:29 pm
 
Forum: Investing - Theory, News & General
Topic: The Non-Millionaire Next Door
Replies: 43
Views: 6196

Re: RMD Greater Than Budget

Can't do option A. Put it into a taxable account or spend it.
by EmergDoc
Tue Feb 17, 2015 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD Greater Than Budget
Replies: 20
Views: 1579

Re: The Non-Millionaire Next Door

I think a wealthy person is entitled to spend what he has earned and saved, but he is not obligated to do so. I agree. The point of that quote is that the heirs still get the $10 Million (just not $11 Million) even if the wealthy guy blows $1 Million giving money to charity, giving it to his heirs ...
by EmergDoc
Tue Feb 17, 2015 12:21 pm
 
Forum: Investing - Theory, News & General
Topic: The Non-Millionaire Next Door
Replies: 43
Views: 6196

Re: The Non-Millionaire Next Door

As a general rule, Bogleheads tend to value financial security over consumption. That's fine. But it's not necessarily correct. Take a look at a current thread where Bogleheads were asked how expensive of a house they would buy if they had $25 Million sitting around. The high was like $2-3 Million a...
by EmergDoc
Tue Feb 17, 2015 11:49 am
 
Forum: Investing - Theory, News & General
Topic: The Non-Millionaire Next Door
Replies: 43
Views: 6196

Re: Dual Momentum Investing

I'm cautiously optimistic about the benefits and back-tested results of trend following, which is primarily what I understand Antonacci's technique to be. Keep in mind that Bogleheads are very skeptical folks because that skepticism has been rewarded time and time again. That doesn't mean that it pr...
by EmergDoc
Tue Feb 17, 2015 11:35 am
 
Forum: Investing - Theory, News & General
Topic: Dual Momentum Investing
Replies: 55
Views: 4167

Re: Backdoor Roth tax chaos; did my F.A. lead me astray?

Yes, your advisor is an idiot. While I can understand waiting a few months out of caution for the step doctrine, you still want to have the traditional IRA empty on 12/31 to avoid the pro-rata issue. However, this isn't that big of a deal. It just makes for some messy paperwork this year. Tell your ...
by EmergDoc
Sun Feb 15, 2015 10:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth tax chaos; did my F.A. lead me astray?
Replies: 36
Views: 2000

Re: Should I pay off my Pen Fed auto loan?

Do you give to charity? You could give the shares of TSM to charity and then direct your cash to the loan.
by EmergDoc
Sun Feb 15, 2015 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I pay off my Pen Fed auto loan?
Replies: 6
Views: 422

Re: Just no petroleum or defense?

Tom Nowak wrote a book about how to do this:

http://whitecoatinvestor.com/low-fee-so ... -oxymoron/

I'd suggest you read it and maybe even contact him for assistance.
by EmergDoc
Sun Feb 15, 2015 9:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Just no petroleum or defense?
Replies: 49
Views: 2746

Re: Buying As Is Home

It's As Is. Why bother inspecting at all? Why do you think they took your low-ball offer?
by EmergDoc
Sun Feb 15, 2015 9:55 am
 
Forum: Personal Consumer Issues
Topic: Buying As Is Home
Replies: 27
Views: 2006

Re: Graduating law student portfolio and loan questions

Here's a story of an attorney in big law who paid his off in less than 3 years: http://whitecoatinvestor.com/3-years-to-freedom-guest-post/ Personally, I'd refinance AND pay them off fast AND max out retirement accounts. For docs, I call that "live like a resident." http://whitecoatinvesto...
by EmergDoc
Sun Feb 15, 2015 9:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Graduating law student portfolio and loan questions
Replies: 32
Views: 2550

Re: Mr. Money Mustache: Hero or Foolish?

Of course, a lot of his weaker posts are just product endorsements, that in the past he has admitted get him a payday. I do not have a problem with this. I do and I think it may actually be illegal. If you are getting paid for something it should be disclosed. That being said I have no clue if got ...
by EmergDoc
Sat Feb 14, 2015 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 410
Views: 59887

Re: finding a buyer for private equity - avoiding commission

90% of portfolio? I'd be trying hard to sell on my own and gladly paying 5% to anyone who can help me. Heck, I'm paying 6% to sell a property right now.
by EmergDoc
Sat Feb 14, 2015 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: finding a buyer for private equity - avoiding commissions
Replies: 18
Views: 1103

Re: Overfilled Oil in Car - Cause of Oil Leak?

11 year old cars are supposed to leak or burn oil. Okay, maybe not, and maybe not after just 75K miles, but you get my point. I've driven a lot of old cars, and the cheapest fix is usually just to add oil. You can buy a lot of oil with the money you would use to stop an oil leak. How much do you wan...
by EmergDoc
Sat Feb 14, 2015 12:13 pm
 
Forum: Personal Consumer Issues
Topic: Overfilled Oil in Car - Cause of Oil Leak?
Replies: 29
Views: 1551

Re: Whole Life Insurance Assessment

You need the in-force illustration before anyone can tell you much. But 11 years into it? There's a good chance it's worth keeping. They usually do perform better than the guarantee, although over the last 20-30 years have performed worse than the projection due to falling interest rates. The insura...
by EmergDoc
Sat Feb 14, 2015 8:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance Assessment
Replies: 5
Views: 506

Re: How to make this fair: gifting to kids with different me

11 Jesus continued: “There was a man who had two sons. 12 The younger one said to his father, ‘Father, give me my share of the estate.’ So he divided his property between them. 13 “Not long after that, the younger son got together all he had, set off for a distant country and there squandered his w...
by EmergDoc
Fri Feb 13, 2015 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to make this fair: gifting to kids with different means
Replies: 108
Views: 8876

Re: Primecap [Kiplinger article]

I don't have time to monitor a dozen active managers. All I need my manager to do is get the return of the asset class. That's good enough to meet my goals.
by EmergDoc
Wed Feb 11, 2015 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: Primecap: The Best Stock Pickers You've Never Seen
Replies: 32
Views: 2577

Re: Renting after retirement - how to meet income requiremen

Idiots. People and their policies can be so dumb sometimes.
by EmergDoc
Wed Feb 11, 2015 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting after retirement - how to meet income requirements?
Replies: 31
Views: 3192

Re: MedicAlert bracelet restricting care to in-network docto

I'm really worried about being injured as a pedestrian, becoming unconscious, and being taken to one of the out-of-network hospitals. http://i.imgur.com/Z0LxwY1.jpg Before people respond that I'm crazy, here are a few links about the problems of unexpected out-of-network medical costs: Oh, and you ...
by EmergDoc
Wed Feb 11, 2015 1:43 am
 
Forum: Personal Consumer Issues
Topic: MedicAlert bracelet restricting care to in-network doctors?
Replies: 18
Views: 1004

Re: MedicAlert bracelet restricting care to in-network docto

Our local ER gives the same care to everyone, whatever the insurance (or none) and asks for your insurance when you exit. I supposed that is so they can't be blamed for giving "inferior care" to those with poor/no insurance. It's not about being blamed. It's about following the law and go...
by EmergDoc
Wed Feb 11, 2015 1:41 am
 
Forum: Personal Consumer Issues
Topic: MedicAlert bracelet restricting care to in-network doctors?
Replies: 18
Views: 1004

Re: Should I Get an HDHP Just to Use an HSA?

Okay, I misread the deductibles. But you can just redo the thing using those numbers. $0-1138, HSA better. $1138-2000 Standard better. $2000+ HSA Better. Again assumes plans are exactly the same after the deductible is met, which probably isn't true. But still a pretty narrow window of medical expen...
by EmergDoc
Wed Feb 11, 2015 1:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I Get an HDHP Just to Use an HSA?
Replies: 20
Views: 1948

Re: Should I Get an HDHP Just to Use an HSA?

This is an easier decision than people are making it sound. You've got the best of both worlds- access to an HSA AND your employer is paying all the premiums! So the only issue is the higher deductible vs the benefit of the HSA. Well, you know you're going to get a benefit right off the bat with the...
by EmergDoc
Tue Feb 10, 2015 11:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Get an HDHP Just to Use an HSA?
Replies: 20
Views: 1948

Re: Hancock increasing rates on LTC

I feel so lucky to be able to self-insure this risk. I wish everyone could.
by EmergDoc
Tue Feb 10, 2015 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hancock increasing rates on LTC
Replies: 55
Views: 2982
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