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Re: 15 vs 30 yr mortgage

We have purchased a number of homes over the years. Our first mortgage was a 30-year mortgage. When we sold the house after 5 years, it turned out that the only equity we had was from our 20% downpayment. Almost all of our mortgage payments went to interest alone. Look at the amortization tables to ...
by czeckers
Mon Mar 23, 2015 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 yr mortgage
Replies: 80
Views: 5968

Re: Whole Life Insurance as asset protection

In 2015, a businessman can shelter $53,000 in a solo 401k and an additional $5,500 in an IRA or back door Roth IRA. I wouldn't even consider looking at other ways of sheltering money from creditors until I've maxed these out. In most states, retirement plans have very good protection though it does ...
by czeckers
Sun Mar 15, 2015 2:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance as asset protection
Replies: 40
Views: 2966

Re: when did/would you terminate disability insurance?

Once your investments are sufficient to cover basic living expenses, I see no need for this expensive insurance. For aggressive savers this may happen early in life. Others may not reach this point until eligible for social security.
by czeckers
Sun Mar 15, 2015 2:38 am
 
Forum: Personal Finance (Not Investing)
Topic: when did/would you terminate disability insurance?
Replies: 35
Views: 2670

Re: How Much & Best Way to Earn $13k Year

$13,000 would rent some pretty nice vacation homes. In NC, you can get a nice beach house or condo for $3000/wk so you could vacation on the beach for a month each year for what you would pay in taxes. It's this fact that has kept me from buying a vacation home myself. That plus the ability to vacat...
by czeckers
Thu Feb 05, 2015 5:49 pm
 
Forum: Investing - Theory, News & General
Topic: How Much & Best Way to Earn $13k Year
Replies: 30
Views: 3583

Re: Shiller: "Become a smart beta person"

Every month I rebalance with new money. I have been buying EM and international for some time now. My Excel spreadsheet has already freed me from the zeitgeist.
by czeckers
Mon Feb 02, 2015 5:29 pm
 
Forum: Investing - Theory, News & General
Topic: Shiller: "Become a smart beta person"
Replies: 20
Views: 2633

Re: Ever get 'Antsy' following BH

I love the term 'financial malaise'.
by czeckers
Tue Jan 13, 2015 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ever get 'Antsy' following BH
Replies: 26
Views: 2737

Re: Mice in the house

We live in the country and get mice every year when it gets cold. We have three cats that are enthusiastic about catching them, but as we do have to do a mouth check whenever they come in because they sometimes do like to take their work home with them. The problem for us is that there is a space ab...
by czeckers
Mon Jan 12, 2015 8:52 am
 
Forum: Personal Consumer Issues
Topic: Mice in the house
Replies: 86
Views: 5422

Re: Paul Merriman takes John Bogles $5.00 Bet!

Given current valuations, I wouldn't bet against international valuations.
by czeckers
Sat Jan 03, 2015 8:47 pm
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman takes John Bogles $5.00 Bet!
Replies: 61
Views: 9387

Re: I think I just got a $5,000 watch for Christmas

Congratulations. Having followed your original $5K watch post, the fact that you now have it brought a smile to my face. Thank you for sharing and I wish you and your wife a prosperous 2015.

-K
by czeckers
Sat Dec 27, 2014 6:33 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 935
Views: 186042

Re: Tips for post shoulder surgery

Oh, and follow instructions on what medicines to take and not take, and what they say about eating and drinking.

Don't wear contacts. Bring an eye glass case if you wear glasses.

-K
by czeckers
Thu Dec 04, 2014 7:11 pm
 
Forum: Personal Consumer Issues
Topic: Tips for post shoulder surgery
Replies: 9
Views: 730

Re: Tips for post shoulder surgery

You'll want to make arrangements to sleep in a recliner or equivalent for the first few days. Think about life with only one useable arm: Get baggy shirts and sweatshirts that will pull over your head and arm or zip. Forget about anything with buttons. Get shoes that slip on. Follow instructions rel...
by czeckers
Thu Dec 04, 2014 7:08 pm
 
Forum: Personal Consumer Issues
Topic: Tips for post shoulder surgery
Replies: 9
Views: 730

Re: Advice on old beater car. Best way to get rid?

Donate it to Mythbusters.
by czeckers
Thu Dec 04, 2014 7:00 pm
 
Forum: Personal Consumer Issues
Topic: Advice on old beater car. Best way to get rid?
Replies: 34
Views: 2896

Re: When do you feel comfortable financially to have kids?

People who run the numbers regarding how much it costs to raise kids I think use figures based on what they would want their kids to have. The truth is, what kids actually need is considerably less. You will probably never feel financially ready, but keep in mind, people raise children on far far le...
by czeckers
Sat Nov 29, 2014 2:13 pm
 
Forum: Personal Consumer Issues
Topic: When do you feel comfortable financially to have kids?
Replies: 59
Views: 4551

Re: Dog food - how cheap is too cheap?

I've never tried feeding my two-year old dog food. Do you use the wet food or the dry? Baby food is crazy expensive. :twisted: :D

-K
by czeckers
Mon Nov 24, 2014 6:54 pm
 
Forum: Personal Consumer Issues
Topic: Dog food - how cheap is too cheap?
Replies: 64
Views: 7987

Re: Girlfriend with a LOT of Student debt.

With that level of debt, I would never buy a new car. That is a big red flag. I recall reading that the number one reason for divorce is financial problems.

-K
by czeckers
Mon Nov 24, 2014 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13911

Re: Carrying alternatives for phone, credit cards, money

A metal money clip works well for me. I've had the model below for 10 years now and have been very happy with it. http://www.amazon.com/Smart-Money-Storus-Double-Sided/dp/B001RMO3NK/ref=sr_1_14?s=apparel&ie=UTF8&qid=1416603184&sr=1-14&keywords=money+clip A wallet in my back pocket hu...
by czeckers
Fri Nov 21, 2014 3:54 pm
 
Forum: Personal Consumer Issues
Topic: Carrying alternatives for phone, credit cards, money
Replies: 25
Views: 2697

Re: Does investing in a 401k actually save any money?

A number of people have already pointed out that investing $100K pretax money in a 401K is equivalent to to $67K of after-tax dollars so the initial investment is different because of taxes. Another issue is that the owner of the taxable account will also have to pay annual taxes on the dividends. T...
by czeckers
Fri Nov 21, 2014 3:48 pm
 
Forum: Investing - Theory, News & General
Topic: Does investing in a 401k actually save any money?
Replies: 75
Views: 10728

Re: When do your account returns dwarf your contributions?

If you are making steady contributions, it usually happens in 7-10 years. This of course depends on how well the markets have done and your asset allocation so it is impossible to give you a more specific answer. It can take longer if the market does poorly (a good thing for an early saver) or if yo...
by czeckers
Mon Nov 17, 2014 3:40 pm
 
Forum: Investing - Theory, News & General
Topic: When do your account returns dwarf your contributions?
Replies: 51
Views: 7880

Re: Value Averaging: My experience after 9 years

I've been using VA for about 7 years now. When new cash contributions could no longer help me stay on the value path, I changed my AA to 100% equities which allowed me to catch all of the rebound. Once I got back to my path, I went back to my baseline 80/20 mix. I think what makes value averaging di...
by czeckers
Thu Nov 13, 2014 3:46 pm
 
Forum: Investing - Theory, News & General
Topic: Value Averaging: My experience after 9 years
Replies: 24
Views: 4668

Re: Why Not 100% Treasuries if your Risk is on the Equity Si

During 2008-9, corporates and junk bonds had losses on top of equities tanking. To me, the point of having bonds is a bit of diversification against equity risks. Otherwise, compared to equities, they're just a low-returning asset. As far as I'm concerned, treasuries are the only way to go.

-K
by czeckers
Thu Nov 13, 2014 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Not 100% Treasuries if your Risk is on the Equity Side?
Replies: 40
Views: 4080

Re: Bogleheads, tell me about your 40's?

A little over a year into my 40's. These are the running years for sure. Hair seems more gray with every hair cut. Beginning to get leadership responsibilities at work. Net worth growth beginning to pick up through compounding of investments as well as paying off of student loans and mortgage. Inves...
by czeckers
Thu Nov 13, 2014 3:31 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 103
Views: 20256

Re: Dealing with pressure for "social donations" at work

You said gifts/bonuses. Those are two completely separate things. If a company wants to give bonuses, it should do it out of its profits, not your income. Doing an office gift exchange is one thing. Being told to give gifts to other employees because you have a "higher income" is creepy. H...
by czeckers
Thu Nov 13, 2014 3:21 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 181
Views: 16912

Re: How Do You Use the VIX (Fear & Greed Index)?

I don't find it to be all that sensitive. It swings around too much. I take notice when stock market moves make the front page of a major newspaper. That's usually a good indicator that something major is happening.
by czeckers
Thu Nov 13, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: How Do You Use the VIX (Fear & Greed Index)?
Replies: 15
Views: 1364

Re: Boglehead family vacations

If you want to do a cruise, MSC cruises out of Florida. Children 10 and under are free (you do pay taxes and port fees). With two children, you'll need one of the cabins with a double sofa bed or two bunks. We went on three cruises with them and it was a great deal each time.

-K
by czeckers
Wed Nov 12, 2014 1:15 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead family vacations
Replies: 44
Views: 4398

Re: Your car(s) are equal to how many months income

Bought a 2-year old Subaru for less than 1 mo income.

Did buy a new van for the family at 2x monthly income.

-K
by czeckers
Wed Nov 12, 2014 1:12 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 6836

Re: Questions about flying with a toddler

Benadryl can make some kids hyper.
by czeckers
Tue Nov 11, 2014 4:09 pm
 
Forum: Personal Consumer Issues
Topic: Questions about flying with a toddler
Replies: 36
Views: 3008

Re: 20-minute options ... the "crack cocaine" of "investing"

I wonder how they came up with 20 minutes?
by czeckers
Tue Nov 11, 2014 2:17 pm
 
Forum: Investing - Theory, News & General
Topic: 20-minute options ... the "crack cocaine" of "investing"
Replies: 5
Views: 1228

Re: Questions about flying with a toddler

If your child does well on long car trips, odds are he/she will do well on the flight. We have flown many times with small children. Having a lap passenger is ok and is doable in a pinch -- it works best with a nursing infant. However, if they are more than 1 year old, we now definitely prefer buyin...
by czeckers
Tue Nov 11, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: Questions about flying with a toddler
Replies: 36
Views: 3008

Re: If your networth is over $3 million, how did you do it?

I am certain that even among the people with 6-figure incomes, relatively few will have 3M at retirement.

-K
by czeckers
Tue Nov 11, 2014 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 51199

Re: If your networth is over $3 million, how did you do it?

I didn't say that it was possible for everyone . You do have to be able to acquire a skill set that leads to an above average income. 6% long-term return is not guaranteed of course, but not crazy either. Given current inflation of 1.7%, that's only a real return of 4.3% -- well under the historical...
by czeckers
Tue Nov 11, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 51199

Re: Savings rate of -2% for those under 35 - WSJ

The fact that the study demonstrated a dramatic increase in savings during the recession, at a time when unemployment, particularly for the young, was nearly double that which it is now is very interesting. It indicates to me, that the issue isn't that people are barely scraping by and unable to man...
by czeckers
Tue Nov 11, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings rate of -2% for those under 35 - WSJ
Replies: 69
Views: 5021

Re: Retiring Parents Set in Risky Ways

Polaroid Enron Worldcom Kodak General Motors Lehman Brothers Eastern Airlines Lionel Corporation Woolworth They were all once large, stable companies. Eventhough GM still is, I believe stockholders got wiped out in 2008. It is understandable that they are attached to the company that made them their...
by czeckers
Tue Nov 11, 2014 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring Parents Set in Risky Ways
Replies: 46
Views: 5367

Re: If your networth is over $3 million, how did you do it?

For a 27 year-old who has a good job and starts maxing out their 401k beginning on Jan 1st, it would be straightforward. $18,000 invested each year x 40 years (retire at 67) x 6% return (after taxes and expenses) = $2,952,858.30 Now that's in nominal terms so the purchasing power won't be the same a...
by czeckers
Tue Nov 11, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 51199

Re: What if....?

Nothing. Am in the accumulation stage. I rebalance with new contributions.

As the portfolio gets bigger, hopefully annual increases of that magnitude become more and more common.

-K
by czeckers
Mon Nov 10, 2014 8:37 pm
 
Forum: Personal Consumer Issues
Topic: What if your investable assets rise significantly?
Replies: 19
Views: 2268

Re: Messy baby restaurant etiquette

I have a lot of experience in this area (currently 8 kids 11 years old and under). Noise is definitely what draws the most evil stares. Choosing restaurants that are inherently noisy definitely helps. With respect to the mess, the easiest thing to do is to avoid messy foods and limit quantities. At ...
by czeckers
Mon Nov 10, 2014 8:30 pm
 
Forum: Personal Consumer Issues
Topic: Messy baby restaurant etiquette
Replies: 75
Views: 5182

Re: Job advice - academic physician career move?

Raising a family without support in the community can be quite stressful. We did that for a while but I ended up choosing a lower paying job at a less prestigious institution to be closer to my wife's family. I have never regretted the move. Though my wife loved our previous city, she is much happie...
by czeckers
Sat Nov 08, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job advice - academic physician career move?
Replies: 35
Views: 3735

Re: Is active fund management an industrial sized rip off?

In a word, yes.

Well, at least 80% of the time. Roughly 1/5 active funds do beat the index, but usually not by much, and not necessarily with any consistency.
by czeckers
Sat Nov 08, 2014 1:33 pm
 
Forum: Investing - Theory, News & General
Topic: Is active fund management an industrial sized rip off?
Replies: 4
Views: 816

Re: 22, I want to be rich, looking for a high reward fund

For a taxable account, VG'a total US market fund is slightly more tax efficient than the S&P500 fund (less portfolio turnover). When I last looked into this, it was as good as the more managed tax managed fund so I just went with the index.
by czeckers
Sat Nov 08, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: 22, I want to be rich, looking for a high reward fund
Replies: 67
Views: 7027

Re: 22, I want to be rich, looking for a high reward fund

Start saving early. Save a lot. Don't lose your shirt. That's how you get rich. You got the early bit which is great. If you don't, there's no do over later in life. In the beginning, your savings rate matters much more than choice of investments. It will probably go up as your career and income adv...
by czeckers
Fri Nov 07, 2014 10:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: 22, I want to be rich, looking for a high reward fund
Replies: 67
Views: 7027

Re: Donating Your Body to Medical School, etc.

When I'm dead, parts is parts. I won't need them anymore. The living get first dibs if I'm eligible to be an organ donor. It's fascinating how one donor can impact so many different lives in a truly life changing (and often life saving) way. Two corneas, two lungs, a heart, liver, two kidneys, pancr...
by czeckers
Fri Nov 07, 2014 9:48 pm
 
Forum: Personal Consumer Issues
Topic: Donating Your Body to Medical School, etc.
Replies: 44
Views: 5072

Re: Blog: Harry Browne's Permanent Portfolio

At this time, I don't really have an opinion of the Harry PP one way or the other. Having said that, I am troubled by a few observations. Gold has been around for a very very long time, why are all the comparisons limited to the last 50 years or so? Also, why only compare to a portfolio containing j...
by czeckers
Sun Nov 02, 2014 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: Blog: Harry Browne's Permanent Portfolio
Replies: 79
Views: 17214

Re: Career Advice for an Unhappy Young Doctor?

The first 6-12 months out of residency are quite stressful as this is the first time when you are truly on your own making decisions for your patients. I wouldn't make any changes until after the first year. If she is unhappy, she needs to figure out what it is about medicine that attracter her to i...
by czeckers
Mon Oct 27, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 116
Views: 14255

Re: Electronic lock experiences

I have several of the exact lock as well as the dead bolt version. It keeps the kids from locking me out and allows them access to the house without having to carry a key. The battery life is pretty good. We get at least 6 months out of a 9V battery in the heavily used doors, and well over a year in...
by czeckers
Sat Oct 25, 2014 3:58 pm
 
Forum: Personal Consumer Issues
Topic: Electronic lock experiences
Replies: 15
Views: 1930

Re: How often do you change your car's oil?

About every 5,000 miles -- it is a nice round number that is easy to remember. Using modern oil, I have yet to find any scientific evidence to justify the 3,000 mile recommendation.

-K
by czeckers
Sat Oct 25, 2014 1:23 pm
 
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 168
Views: 13465

Re: Ham and Egger's Theory? [Buy small cap when under-perfor

If you're doing this in a taxable account, you may want to stick with a total US market and a total international index fund to minimize your taxes. If you want to divide your portfolio into smaller slices and tilt to small cap or whatever, I recommend you do that in your tax deferred accounts. Kudo...
by czeckers
Sat Oct 25, 2014 12:09 pm
 
Forum: Investing - Theory, News & General
Topic: Ham and Egger's Theory? [Buy Whatever Cap Size is lagging) ]
Replies: 38
Views: 4030

Re: How did you buy your largest home?

Current home is our third house and is the largest. We started with a small 800sq ft house during school/residency. Then, with each move we've upgraded to accomodate our growing family. Each time we used the equity from the previous house to fund the down payment on the next house. In each case it e...
by czeckers
Sat Oct 25, 2014 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you buy your largest home?
Replies: 25
Views: 2817

Re: Creating a 401k for my company through Employee Fiduciar

I'm surprised no one has mentioned offering the Extended Market Index fund to cover mid-small caps. That, along with Total US Market, Total International, Total Bond, TIPS, +/- REIT and Emerging Markets actually allows for a good amount of diversification while allowing the informed investor to do s...
by czeckers
Thu Oct 23, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Creating a 401k for my company through Employee Fiduciary
Replies: 85
Views: 11327

Re: convenience vs cost (Vanguard vs NY 529)

As a NY resident, I started out with a NY and an OH 529 for each child because the NY 529 ERs were much higher so I'd put in enough to get the tax break and then invest the rest in Ohio's plan. However, over the years, I've been pleased with how the NY 529 plan has continually reduced it's ERs. Also...
by czeckers
Mon Oct 13, 2014 8:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: convenience vs cost (Vanguard vs NY 529)
Replies: 8
Views: 1064

Re: Best Place to Do Research on Orthopedic Surgeons

As an anesthesiologist, I get asked this question often. Unfortunately it is a difficult question to answer. I can certainly tell you which surgeons to stay away from (high in OR complication rate, high percentage of cases that take significantly longer than they should suggesting lack of competence...
by czeckers
Thu Aug 14, 2014 5:46 am
 
Forum: Personal Consumer Issues
Topic: Best Place to Do Research on Orthopedic Surgeons
Replies: 28
Views: 1983
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