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Re: High(ish) earner; spending too much?

I'm going to be a contrarian. I think you are doing great (I too had nothing when I was 32) but you could do much better. It is true that saving 30% of your income is a good rate. But to me, a family of 2 (I assume) who makes makes 400K, and is decades away from retirement should save more than it s...
by Streptococcus
Mon Dec 08, 2014 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 71
Views: 8859

Re: Life changing decision... advice needed!

Hi, Glad that you have received so many thoughtful replies. The following story pretty much describes my life, except fishing is not my passion (I'm an engineer who loves to learn and build new stuff): http://bemorewithless.com/the-story-of-the-mexican-fisherman/ For me, financial independence was ...
by Streptococcus
Sun Dec 07, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advice needed!

Bogleheads, Thank you for the many many advices that you posted me. I so truly appreciated them and they were of enormous help. In the end, I decided to forgo the fellowship option and embrace the status quo. Here is the reasoning: 1. After a few years of building the practice, now that I am cruisin...
by Streptococcus
Fri Dec 05, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: European underperformance - here to stay?

My AA puts me at 50% international stocks. So I have not captured the record high returns that an investor with... say 100% US stocks is capturing. Despite some "experts" are forecasting decades of Europe underperformance, I actually feel really good about buying into Europe, and internati...
by Streptococcus
Thu Dec 04, 2014 10:56 am
 
Forum: Investing - Theory, News & General
Topic: European underperformance - here to stay?
Replies: 32
Views: 2405

Re: Make an Efund/college fund mix

This is what I think about Efund; please feel free to sermon me if you see fit. #1 Efund should not be based on living expenses but on the e-situation Say your household has $3000/month living expenses and you get laid off. Being this an emergency situation, common sense would require you to cut/su...
by Streptococcus
Tue Dec 02, 2014 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 764

Re: Make an Efund/college fund mix

I have some stocks in a 529, but I mainly use Ibonds for this strategy. You can accumulate 5K, 10K, up to 20K a year in Ibonds starting when your kids are younger; this strategy has a lot of advantages; it is cash after a year, keeps up with inflation, there is no risk to lose money, you can use it ...
by Streptococcus
Tue Dec 02, 2014 10:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 764

Re: Life changing decision... advice needed!

Streptococcus ... The grass is usually NOT greener on the other side. I would suggest you think it through thoroughly before making a jump. I can empathize with your situation as at mid career I too considered going back and doing an additional sub-specialty residency. In my case, after a decade as...
by Streptococcus
Tue Dec 02, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Spousal Dynamics on Finance

#2 we both care, but I do all the planning and execution; I'm also more knowledgeable; we discuss everything and always agree. But if I were to miss my spouse would step up and be just fine.
by Streptococcus
Mon Dec 01, 2014 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spousal Dynamics on Finance
Replies: 54
Views: 5166

Re: Make an Efund/college fund mix

# 6-12 months e-fund is an overkill Not really, unemployment periods are happening for longer periods for more people. Many people here subscribe to a tiered emergency fund approach. E.g. tier 1 cash (1-2 months), tier 2 (short term bonds, I bonds after 1st year) etc. there are lots of posts on thi...
by Streptococcus
Mon Dec 01, 2014 11:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 764

Re: Make an Efund/college fund mix

# 6-12 months e-fund is an overkill Not really, unemployment periods are happening for longer periods for more people. Many people here subscribe to a tiered emergency fund approach. E.g. tier 1 cash (1-2 months), tier 2 (short term bonds, I bonds after 1st year) etc. there are lots of posts on thi...
by Streptococcus
Mon Dec 01, 2014 10:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 764

Re: Life changing decision... advice needed!

Does Fellowship Pay: What Is the Long-term Financial Impact of Subspecialty Training in Pediatrics? http://pediatrics.aappublications.org/content/127/2/254.full I hope that you have read the above article. Best of luck in making the decision! I did read it a few years ago. Nice publication. It main...
by Streptococcus
Sun Nov 30, 2014 10:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Make an Efund/college fund mix

This is what I think about Efund; please feel free to sermon me if you see fit. #1 Efund should not be based on living expenses but on the e-situation Say your household has $3000/month living expenses and you get laid off. Being this an emergency situation, common sense would require you to cut/sus...
by Streptococcus
Sun Nov 30, 2014 10:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 764

Re: Life changing decision... advice needed!

I said 4 days because If I dont do the fellowship this year, I will move on my current path and not look back. How much could you have possibly wanted to make the change if you're not willing to wait even one more year to make it? It sounds to me like your artificial "now or never" deadli...
by Streptococcus
Sun Nov 30, 2014 9:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advice needed!

Most respondents seem to be insinuating your dilemma appears to be more personal than financial. You are clearly an "overachiever" within your own specialty. Certainly whatever your decision, you will find a way to remain financially solvent, and your current skills will always offer a ro...
by Streptococcus
Sun Nov 30, 2014 6:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advice needed!

Dear Bogleheads, Thank you for all your posts. They are exactly what I needed. I have 4 days to make the final decision and for some unexpected reasons, this has been the hardest decision that I ever made in my life. And getting different perspectives from dozens of smart people like you is pricele...
by Streptococcus
Sun Nov 30, 2014 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advice needed!

Dear Bogleheads, Thank you for all your posts. They are exactly what I needed. I have 4 days to make the final decision and for some unexpected reasons, this has been the hardest decision that I ever made in my life. And getting different perspectives from dozens of smart people like you is priceless.
by Streptococcus
Sun Nov 30, 2014 1:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: I'm getting Slaughtered in stocks

Op, Thanks for posting this. We need to learn from the good and the not so good.
by Streptococcus
Sat Nov 29, 2014 1:39 pm
 
Forum: Investing - Theory, News & General
Topic: I'm getting Slaughtered in stocks
Replies: 43
Views: 5865

Re: Life changing decision... advice needed!

Hi, Glad that you have received so many thoughtful replies. The following story pretty much describes my life, except fishing is not my passion (I'm an engineer who loves to learn and build new stuff): http://bemorewithless.com/the-story-of-the-mexican-fisherman/ For me, financial independence was ...
by Streptococcus
Sat Nov 29, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advice needed!

OP, I recommend that you read a book So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love by Cal Newport. The book provides several important messages. The ones particularly relevant to you are: 1. Passion is overrated. Many people live their entire lives in misery...
by Streptococcus
Sat Nov 29, 2014 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advice needed!

IndexMD wrote:The more I read, Streptococcus, from your posts the more convinced I am that you should absolutely not do this career change. I could go on and on but most of the posters above have already raised most of my points. Best of luck in your decision, regardless.

Thanks indexMD
by Streptococcus
Sat Nov 29, 2014 10:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advice needed!

Strepto: How many docs do you know who haven't changed jobs in the last 5 years? I don't know of many myself. We are all looking for safe haven when there may not be much left. It seems that you have found some grounds that many docs dream of, financially. I really don't know of any IM docs persona...
by Streptococcus
Fri Nov 28, 2014 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advice needed!

Pediatrics is generally considered to be one of the lowest paid primary care specialties. I am amazed you can make so much money, so my hat is off to you. You must have a busy practice and are a great coder.My suggestion about the fellowship does change since you will get a board specialization fro...
by Streptococcus
Fri Nov 28, 2014 10:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advice needed!

You haven't convinced me that after finishing a peds EM fellowship you won't think the grass is greener somewhere else (maybe even not as good as what you are doing now)! If the honest truth is that you are a wanderer at heart, it would make sense to figure that out and indulge that side of your pe...
by Streptococcus
Fri Nov 28, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advice needed!

OP, you use the term GP to describe your field. Does this mean you finished med school but did not do residency training? If so, that would be very unusual anymore. It's very difficult to practice right out of med school without undergoing residency training (assuming you are in the US). Even prima...
by Streptococcus
Fri Nov 28, 2014 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advices needed!

Some general practitioners moonlight or pick up shifts in EDs. Have you done this? The reason I ask is the aspects of your career that you appreciate: a substantial (and rising) income, great relationships with your patients, and a great lifestyle may all be jeopardized by switching to Emergency Me...
by Streptococcus
Fri Nov 28, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advices needed!

My take is that this is not a financial decision but a life decision that has financial consequences. You will have an adequate income and can save for retirement in either outcome. The exact amounts may differ, but you will have enough either way. So: Do what will make you happiest. If you don't d...
by Streptococcus
Wed Nov 26, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advices needed!

Emergency medicine would make your skills extremely desirable after the inevitable zombie apocalypse. If you haven't already considered that, maybe write that into the Pros column. excellent point It seems you have two good options. Whichever you choose, you will be fine. However, you have strong p...
by Streptococcus
Wed Nov 26, 2014 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advices needed!

Thank you everyone for your replies. This is precisely what I needed: a different perspective from different people to get unstuck. I will greatly appreciate further comments. ...with my current income rising, I would be able to meet my investing goal in 8 years (my IPS tells me to pour 1.5M in the ...
by Streptococcus
Wed Nov 26, 2014 8:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advices needed!

If emergency medicine is what you really love, I would go for it. The only job decision I regretted was once when I took one with a bundle of money over the more interesting one. You only live once, unfortunately. You don't sound like you're that old - thirties, maybe? So another 3-5 years does not...
by Streptococcus
Wed Nov 26, 2014 1:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Life changing decision... advices needed!

Please clarify: After a 3-year fellowship, will you be practicing as an emergency room doctor at a higher or lower salary than now? I look at the 3 years as a break for education during what otherwise is a high paying profession if I understand this correctly. If this is correct, will you be hittin...
by Streptococcus
Wed Nov 26, 2014 1:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Life changing decision... advice needed!

Bogleheads, I have to make a life changing decision and your inputs, advices, critiques are greatly appreciated. After working for several years as a general practitioner, making >300K/year, I'm thinking about quitting my current job and pursuing a 3 year fellowship that will pay about 55K/year. I a...
by Streptococcus
Wed Nov 26, 2014 1:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10730

Re: Tax question

The 2% limitation means these expenses are deductible when they exceed 2% of your AGI. Here's a link to a wiki on How to Complete Schedule A with pictures of the form. http://www.wikihow.com/Itemize-Deductions Scroll down to Step 10 where you'll see the text: Calculate the amount of job related and...
by Streptococcus
Wed Oct 29, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 11
Views: 839

Re: Tax question

Up to $25 per recipient is deductible as a gift as miscellaneous employee deduction on line 21 of Schedule A. The deduction would be subject to 2% of adjusted gross income limitation. Thanks for your kind reply. 1. How about meals? can I use that as an expense? 2. What do you mean by " The ded...
by Streptococcus
Wed Oct 29, 2014 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 11
Views: 839

Tax question

As an employed physician, I lead a team of nurses and mid-levels.
If I offer meals, christmas gifts and even monetary bonuses to my staff can I deduct those expenses for tax purposes even If I am just an employee like them?
by Streptococcus
Wed Oct 29, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 11
Views: 839

Livesoft - Thank you

Okay, this thread is not really about investing but I wanted to acknowledge and thank Livesoft for what he/she does for this forum. There are quite a few people who make this forum great and Livesoft is one of them.

Thank you :beer
I guess admin is going to lock this one up.
by Streptococcus
Fri Oct 17, 2014 11:52 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Livesoft - Thank you
Replies: 44
Views: 5743

another quick TLH question

are these TLH steps appropriate? I'm tax loss harvesting VTIAX. 1. Stop automatic dividend reinvestments from Roth IRA (I hold VTIAX there too and I'm not replacing them) 2. replace VTIAX (vanguard total international) in taxable with VFWAX (FTSE all world ex-us)? 3. In 31 days, reexchange back to V...
by Streptococcus
Fri Oct 17, 2014 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: another quick TLH question
Replies: 4
Views: 331

Re: Sorry, another wash sale question

The Vanguard Rep is correct. Not a wash. Suppose instead you sold all of your shares except for the 32.495+9.414 shares you bought on 9/22 and 9/23. Those shares would then be participating in a wash sale. So some of the loss in the sale of the other 1792.257-32.495-9.414 shares you sold would be a...
by Streptococcus
Mon Oct 13, 2014 9:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sorry, another wash sale question
Replies: 3
Views: 396

Sorry, another wash sale question

I just called vanguard to inquire if I had incurred an accidental wash sale. Today 10/13, I basically sold all vanguard total international shares: 1,792.257 shares Then I realized that on 9/23, I reinvested dividends and bought 9.414 shares ( :oops:) and on 9/22 I had made a purchase for 32.495 sha...
by Streptococcus
Mon Oct 13, 2014 7:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sorry, another wash sale question
Replies: 3
Views: 396

Tax loss harvesting question

I will be Tax loss harvesting for the first time today and I just wanted to make sure that I do everything right. My total international stock index VTIAX has unrealized losses of a few thousands and I wanted to take advantage of that opportunity to sell and slice and dice international. I'm talking...
by Streptococcus
Fri Oct 10, 2014 9:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting question
Replies: 1
Views: 253

Re: 35% marginal rate; backdoor roth or IRA

If my understanding is correct, if you're in the 35% bracket, that means your income is in the $400k-$450k range. My understanding is that she can make $5500 in contributions to an IRA, not $17.5k. If she's over the age of 50, she can put in $6500. But that contribution would not be able to be dedu...
by Streptococcus
Tue Oct 07, 2014 4:38 pm
 
Forum: Investing - Theory, News & General
Topic: 35% marginal rate; backdoor roth or IRA
Replies: 4
Views: 388

35% marginal rate; backdoor roth or IRA

My wife just started a new part time job; It is not a great pay (about 25K/year) and they don't offer any retirement or benefit. With my income, we are at the 35% marginal rate. We have contributed to the backdoor Roth IRA for the past several years, this year included. So: I have a 403b through my ...
by Streptococcus
Tue Oct 07, 2014 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: 35% marginal rate; backdoor roth or IRA
Replies: 4
Views: 388

Re: Slice and dice and tilting the market

Some background: the reasons of this thread is that over the past 6 months, my portfolio reached a threshold were my IPS authorizes to tilt, if appropriate. I have been a 3 fund portfolio holder so far. A few months ago, I posted a few threads on SCV tilting as I was weighing in that option, and tha...
by Streptococcus
Mon Jun 23, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: Slice and dice and tilting the market
Replies: 14
Views: 1122

Re: Slice and dice and tilting the market

David Swensen recommends a tilt on the domestic side to REITs, not SCV, and his last recommendation was to split international 60/40 developed/emerging. So that's a slice&dice/tilt that doesn't directly incorporate FF factors. Your portfolio looks like a somewhat simplified version of the Arons...
by Streptococcus
Mon Jun 23, 2014 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: Slice and dice and tilting the market
Replies: 14
Views: 1122

Re: Slice and dice and tilting the market

So you mean tilt to small caps, but not to value? Or tilt to emerging markets which are typically large-caps? It seems like everyone tilts to US markets. My 401(k) plan has an S&P500 index fund and the extended market (mid/small cap) index fund. I use them, but not at market weights. Neverthele...
by Streptococcus
Mon Jun 23, 2014 12:14 pm
 
Forum: Investing - Theory, News & General
Topic: Slice and dice and tilting the market
Replies: 14
Views: 1122

Slice and dice and tilting the market

When it comes to slice and dice and tilting, the debate is almost always about SCV. Anyone in this forum S&D and tilts the market? Anyone here who is not only about fama and french? I'm talking about deciding to shy away from the simplicy of the 3 fund portfolio and S&D us stocks as sp500 + ...
by Streptococcus
Mon Jun 23, 2014 11:34 am
 
Forum: Investing - Theory, News & General
Topic: Slice and dice and tilting the market
Replies: 14
Views: 1122

Re: Bond Allocation Review: No Total Bond

Once upon a time, some people were discussing how to make lemonade. Everyone agreed that lemon juice by itself, even if sweetened, was not to the taste of most people. True, a few of them insisted that they had no problem tolerating straight lemon juice, and some even claimed to like drinking conce...
by Streptococcus
Fri May 09, 2014 8:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond Allocation Review: No Total Bond
Replies: 9
Views: 1849

Re: Anyone know the new I-Bond Rate ?

Better stick with a 5 year barclay cd at 2.25%
by Streptococcus
Thu May 01, 2014 11:09 am
 
Forum: Investing - Theory, News & General
Topic: May 2014 ibond Rate
Replies: 32
Views: 1678

Re: comparing long term returns: 3 funds vs SCV portfolio

freddie wrote:Personally I think a lot of people do it just to have the fun of doing something with their investments. It is fun to look at all those portfolios with various reits/small caps/em splits and realize they all end up with in fractions of each other.


+1
by Streptococcus
Thu Apr 24, 2014 10:57 pm
 
Forum: Investing - Theory, News & General
Topic: comparing long term returns: 3 funds vs SCV portfolio
Replies: 18
Views: 4337

Re: comparing long term returns: 3 funds vs SCV portfolio

But the point of small allocations not mattering stands. Adding 5% of something might make you feel better when there is great performance going on, but you allocation just isn't high enough to affect returns much. +1 Garbage in, Garbage out. Bump that small cap premium to the historical 2-3% and y...
by Streptococcus
Thu Apr 24, 2014 9:57 pm
 
Forum: Investing - Theory, News & General
Topic: comparing long term returns: 3 funds vs SCV portfolio
Replies: 18
Views: 4337

Re: comparing long term returns: 3 funds vs SCV portfolio

:oops: now you know that math is not my forte. :) The following question then ensues: if the estimated long term return of a tilted portfolio is not that much higher than the return of the 3 fund portfolio (less than 1%), what would be the purpose of a more complex approach? I understand that other ...
by Streptococcus
Thu Apr 24, 2014 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: comparing long term returns: 3 funds vs SCV portfolio
Replies: 18
Views: 4337
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