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Re: Am I saving too much for retirement?

If you are expecting both a pension and social security in retirement, then you might be ok making balanced Roth and traditional contributions. If not, then it is almost certainly a mistake to be doing so and you are likely paying more in taxes than you need to.
by letsgobobby
Mon Apr 20, 2015 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 15
Views: 2259

Re: Am I saving too much for retirement?

Why are you using roth 401k and tsp and not traditional? Especially if you are considering early retirement?
by letsgobobby
Mon Apr 20, 2015 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 15
Views: 2259

Re: Porter Stansberry advising going to 100% cash - Help!

No, it is too late to be right. You are creating an out for him which does not exist. In 2013 he said the market would fall 50% "next year," and 2014 is over. No dice.
by letsgobobby
Mon Apr 20, 2015 12:51 am
 
Forum: Investing - Theory, News & General
Topic: Porter Stansberry advising going to 100% cash - Help!
Replies: 56
Views: 7140

Re: Can Shiller's PE10 (CAPE) Get Any More Discredited?

http://archive.fortune.com/2011/02/09/pf/shiller_cape_ratio.fortune/index.htm Back in 2011, early in the bull market, PE10 thought equities were overvalued. Actually, Shiller even missed an historic buying opportunity in 2009, insisting PE10 had not yet bottomed out. Shiller's a brilliant guy and h...
by letsgobobby
Sun Apr 19, 2015 9:11 pm
 
Forum: Investing - Theory, News & General
Topic: Can Shiller's PE10 (CAPE) Get Any More Discredited?
Replies: 22
Views: 2051

Re: Marginal benefit of spending more on car

What does going from $5k to $10k get me (in terms of reliability, performance, comfort, safety, properly designed cupholders, etc.)? I think you've itemized out what you need to rank-order so that you can decide. I don't look at cost first. I'm interested in safety first and rank other things behin...
by letsgobobby
Sun Apr 19, 2015 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Marginal benefit of spending more on car
Replies: 36
Views: 2373

Re: mandatory 17% tip at a buffet

I understated the tip amount. The $65 was only on the $400 portion I paid; the other part of the group paid another $300 or so and about $50, respectively.
by letsgobobby
Sat Apr 18, 2015 2:34 pm
 
Forum: Personal Consumer Issues
Topic: mandatory 17% tip at a buffet
Replies: 32
Views: 3425

Re: mandatory 17% tip at a buffet

I read that if it's called a service fee it can be mandatory. If it's called a tip or gratuity it must be negotiable. My objection was on two levels. First, the mandatory nature of a fee for service applied before the service was delivered. Second, I do not tip 17% at buffets though I usually tip 10...
by letsgobobby
Sat Apr 18, 2015 2:10 pm
 
Forum: Personal Consumer Issues
Topic: mandatory 17% tip at a buffet
Replies: 32
Views: 3425

Re: What Movie Have You Recently Watched?

I just don't like Keira Knightley and fear she'll ruin the movie. Does she?
by letsgobobby
Sat Apr 18, 2015 9:46 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 745
Views: 99597

mandatory 17% tip at a buffet

Recently in Vegas and took a group of 16 to a buffet. They mandated a 17% tip upon paying, before being seated. I don't know if it was negotiable after the fact, say if service had been poor; in any case it wasn't. But I don't normally tip 17 for a buffet; usually 10%. I have not witnessed this prac...
by letsgobobby
Sat Apr 18, 2015 9:44 am
 
Forum: Personal Consumer Issues
Topic: mandatory 17% tip at a buffet
Replies: 32
Views: 3425

Re: My job says I can't work for anyone else...

All very state dependent. In my state non competes have been enforceable (so I'm told). The suggestion that those who agree to them are not critically analyzing their contracts is wrong, and insulting. There is no intellectual property as a physician. It's purely about stealing patients. Interesting...
by letsgobobby
Sat Apr 18, 2015 9:34 am
 
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 5839

Re: long term capital gain tax vs. roth conversions

This is a common dilemma, tax gain harvesting or Roth IRA conversions in the 15% bracket. Many others have posted the same question., including myself.

I recall being linked to a calculator, possibly called iOrp?
by letsgobobby
Sat Apr 18, 2015 9:21 am
 
Forum: Investing - Help with Personal Investments
Topic: long term capital gain tax vs. roth conversions
Replies: 41
Views: 2298

Re: M* Article today 4/17 on ATT's shaky dividend

If you are in the 15% bracket, and your sales don't push you higher, you will owe no taxes. Is that possible? in addition, turn off reinvestment and start donating shares.
by letsgobobby
Sat Apr 18, 2015 9:14 am
 
Forum: Investing - Help with Personal Investments
Topic: M* Article today 4/17 on ATT's shaky dividend
Replies: 20
Views: 1908

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are. BTW - why sign a contract and then (seemingly) plan to not abide by it? this is unrealistic in employed me...
by letsgobobby
Fri Apr 17, 2015 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 5839

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are. BTW - why sign a contract and then (seemingly) plan to not abide by it? this is unrealistic in employed me...
by letsgobobby
Fri Apr 17, 2015 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 5839

Re: My job says I can't work for anyone else...

my no compete is 45 miles and 3 years. you all should consider yourselves fortunate.
by letsgobobby
Fri Apr 17, 2015 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 5839

Re: What Movie Have You Recently Watched?

Just re watched The Black Stallion. It is an excellent, touching love story of a movie. Both my children enjoyed it and there aren't a lot of movies that a 5, 8, and 41 year old can enjoy together.
by letsgobobby
Fri Apr 17, 2015 1:25 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 745
Views: 99597

Re: Would you buy 1.5 M house without AC?

I lived in North Redondo Beach with no AC and it was fine.
by letsgobobby
Thu Apr 16, 2015 11:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without AC?
Replies: 60
Views: 4516

Re: Fidelity offering </=10% IRA matching to switch

Small percentage, but for those who qualify it's $1650 or maybe even $1950 over three years for not much work - probably less than an hour overall. I don't make that much per hour.
by letsgobobby
Thu Apr 16, 2015 1:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity offering </=10% IRA matching to switch
Replies: 3
Views: 759

Re: 15 vs 30 years Mortgage

What about a new 30 year? Is that around 3.375%?
by letsgobobby
Thu Apr 16, 2015 12:20 am
 
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 years Mortgage
Replies: 2
Views: 528

Re: HSA contribution for 2015

Basically you'd stop all HSA contributions now, total up what you have contributed, add the $1500 (are you sure they won't prorated that for a party year employee?), then subtract that from $6650. Whatever ' s left is what you would set as your contribution amount for employer B (make sure they don'...
by letsgobobby
Tue Apr 14, 2015 9:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA contribution for 2015
Replies: 3
Views: 507

Re: Does your family know about your net worth (ball park)?

From looking at the recent annual income poll result, I think most BHs are already millionaires or will become one. Q1. Does your family (parents, siblings) know about your net worth (ball park figure)? Q2. Do you know their net worth? Q3. How does knowing one's net worth affect family relationship...
by letsgobobby
Tue Apr 14, 2015 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 96
Views: 10364

Re: Household Gross Income Poll

The point of the poll is to demonstrate what I already knew to be true from a decade on this site and participation in literally thousands of threads. People who come to this board, on average, have an income and a net worth far higher than the average American. There are very few low earners who p...
by letsgobobby
Mon Apr 13, 2015 11:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12456

Re: I-Bonds vs EE Bonds vs TIPS vs Treasuries - 20 years

For up to the annual limit, is there any reason to own treasuries over EE bonds if you are sure you will hold 20 years?
by letsgobobby
Sun Apr 12, 2015 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: I-Bonds vs EE Bonds vs TIPS vs Treasuries - 20 years
Replies: 22
Views: 1860

Re: Household Gross Income Poll

I disagree; find this poll extremely actionable for all posters/participants/readers of the forum. For presumably similar motivations, I posted a more black and white version of the same poll a few years ago: http://www.bogleheads.org/forum/viewtopic.php?t=69143 There are two categories of advice on...
by letsgobobby
Sun Apr 12, 2015 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12456

Re: 403b to ROTH IRA conversion at end of residency?

If it were just a matter of a one time conversion to a Roth, in the 28% to even 33% bracket, in order to preserve backdoor Roth IRAs ad infinitum , I would take the hit, against conventional wisdom. In fact I did this in 2010, having accumulated a few years of non deductible TIRA contributions, I to...
by letsgobobby
Sun Apr 12, 2015 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b to ROTH IRA conversion at end of residency?
Replies: 8
Views: 414

Re: Which 3 year old hybrid: Camry or Prius

The difference between your options 1 and 2 is not that high in dollars. Therefore I would drive the car you prefer to drive given your driving patterns. They both should be reliable and maintain their value pretty well.
by letsgobobby
Sun Apr 12, 2015 12:02 pm
 
Forum: Personal Consumer Issues
Topic: Which 3 year old hybrid: Camry or Prius
Replies: 36
Views: 2702

Re: Household Gross Income Poll

I've done enough of these polls to know that there is always something you didn't think to include that it's just best to leave that sort of option. The results of the poll were about what I expected...after 125 responses, only 3% of Bogleheads earn less than the median US household income. It's li...
by letsgobobby
Sat Apr 11, 2015 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12456

Re: RVU model compensation problem

It is not your problem that they couldn't get their act together. It was their fault for scheduling you with patients who you couldn't bill. I am a medical director and would never allow this to happen. You are owed $40,000 and I would make it clear you expect to be paid without further ado. And yes...
by letsgobobby
Sat Apr 11, 2015 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: RVU model new hire problem
Replies: 14
Views: 945

Re: New Social Security Facts

On the other hand, if your FRA is 67 then your maximum benefit is apparently only 124% of the FRA benefit. Still each additional year is worth 8%.
by letsgobobby
Sat Apr 11, 2015 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Social Security Facts
Replies: 13
Views: 1538

Re: What is Sammy Savers net worth?

Any response outside of $1 million is nonstandard. If sammy died tomorrow he could leave $1 million to charity, not more or less. No, he could leave $1 million + the proceeds of the sale of his house minus any associated real estate fees. I think the $1 million figure listed above understates his n...
by letsgobobby
Sat Apr 11, 2015 11:40 am
 
Forum: Personal Finance (Not Investing)
Topic: What is Sammy Savers net worth?
Replies: 41
Views: 3593

how safe is your life insurance company?

http://mobile.nytimes.com/2015/04/12/business/dealbook/insurers-bypass-rules-to-add-hidden-risk.html?_r=0 The NY Times has published a fascinating and troubling exposé of financial shenanigans in the life insurance industry. It includes a brief description of the organizing philosophy of state regul...
by letsgobobby
Sat Apr 11, 2015 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: how safe is your life insurance company?
Replies: 3
Views: 694

Re: Hypothetical End Game Scenario w/ 5M retirement account

So you may want to take up on that therapy suggestion after all. Consider psychoanalysis. That will accomplish two things. First, you may discover the answers you're looking for. Second, it will cost you about $30,000 per year, which will help prevent the excess accumulation of wealth you fear. Eith...
by letsgobobby
Sat Apr 11, 2015 6:00 am
 
Forum: Investing - Theory, News & General
Topic: Hypothetical End Game Scenario w/ 5M retirement account
Replies: 74
Views: 7222

Re: What is Sammy Savers net worth?

Any response outside of $1 million is nonstandard.

If sammy died tomorrow he could leave $1 million to charity, not more or less.
by letsgobobby
Sat Apr 11, 2015 5:05 am
 
Forum: Personal Finance (Not Investing)
Topic: What is Sammy Savers net worth?
Replies: 41
Views: 3593

Re: Gift limit and Charitable Donations

I'm not a lawyer but with respect to the backdoor Roth IRA, why would the IRS view it as a step transaction? It doesn't avoid any tax; I'm not saying this right but there are no series of steps to disguise intent nor any effort to do something in steps which if done directly would have incurred any ...
by letsgobobby
Fri Apr 10, 2015 7:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gift limit and Charitable Donations
Replies: 31
Views: 1213

Re: On a budget and Friday night

Babysitter alone for 3-4 hours costs $50. As a result we tend to go out Saturdays early and bring the kids.
by letsgobobby
Fri Apr 10, 2015 6:46 pm
 
Forum: Personal Consumer Issues
Topic: On a budget and Friday night
Replies: 68
Views: 5044

Re: Do you think Ric Edelman is correct, never pay down mort

But investing is not just math or logic. Behavioral finance has clearly demonstrated that investors are frequently irrational, so proposing a solution that does not acknowledge that reality is a set up for failure.
by letsgobobby
Fri Apr 10, 2015 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 209
Views: 16307

Re: Do you think Ric Edelman is correct, never pay down mort

I suspect most who follow his advice are like me: they simply increase the amount of investments in a diversified way, commensurate with their predetermined aa and risk tolerance. It's perfectly logical. It's not more or less logical than the decision to simultaneously hold bonds and a mortgage, whi...
by letsgobobby
Fri Apr 10, 2015 1:25 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 209
Views: 16307

Re: Backdoor Roth IRA Timing

Yes you can do that simply, if you have no traditional IRAs to mess you up.
by letsgobobby
Fri Apr 10, 2015 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Timing
Replies: 3
Views: 308

Re: Saving for College with Roth Vs 529

I agree with KlangFool, you appear to be severely under saving for retirement and at the least are not fully utilizing your 401k. Would it make more sense to maximize your 401k to $18 k per year before doing anything else? Even that is only 10% of your income each year. Also you worry that saving in...
by letsgobobby
Fri Apr 10, 2015 10:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Saving for College with Roth Vs 529
Replies: 20
Views: 1237

Re: Hypothetical End Game Scenario w/ 5M retirement account

Wisdomseeker, I would have gotten more out of this thread, and perhaps you would have, too, if you had spoken in personal specifics and not hypotheticals. Only after several responses to your OP did I learn you will have $15-$30M and your question is...? On a different scale many of us struggle with...
by letsgobobby
Thu Apr 09, 2015 11:51 pm
 
Forum: Investing - Theory, News & General
Topic: Hypothetical End Game Scenario w/ 5M retirement account
Replies: 74
Views: 7222

Re: Rental flooring decision

We just paid home depot about $6000 for 1000 square feet of laminate and 100 square feet of allure (for the kitchen) in our rental, whose old carpet had also been trashed by renters' dogs. This price includes installation, ripping old old carpet, tearing out glued down parquet in some areas, and ri...
by letsgobobby
Thu Apr 09, 2015 9:49 pm
 
Forum: Personal Consumer Issues
Topic: Rental flooring decision
Replies: 34
Views: 2757

investing in Europe paying off?

http://www.wsj.com/articles/european-stock-markets-hit-new-record-high-1428579360?ref=/home-page Actually I'm too lazy to check if Europe or international has outperformed the US this year; my guess is no or not by much, after accounting for currency changes. But it's nice to see a little reversion ...
by letsgobobby
Thu Apr 09, 2015 9:41 pm
 
Forum: Investing - Theory, News & General
Topic: investing in Europe paying off?
Replies: 2
Views: 528

Re: Reached My Goal, Thanks, Major Life Changes Afoot

American dream alive and well! Thank you for sharing your inspirational story.
by letsgobobby
Thu Apr 09, 2015 8:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reached My Goal, Thanks, Major Life Changes Afoot
Replies: 14
Views: 2561

Re: SoFi as a fixed income investment?

SoFi has only been around since 2011. Repayment rates would be influenced by the fact that the economy has been improving almost constantly since the company was founded. These bonds probably perform very poorly in bad times when defaults go up. If I had to guess, student loans are probably close i...
by letsgobobby
Wed Apr 08, 2015 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: SoFi as a fixed income investment?
Replies: 5
Views: 645

Re: Do you think Ric Edelman is correct, never pay down mort

but that doesn't mean taking on the risk was wrong or irrational. Of course it doesn't mean taking risk was wrong. A person's desired risk level is the fundamental decision an investor makes. High risk isn't financially wrong, low risk isn't financially wrong. Where people go wrong is thinking that...
by letsgobobby
Wed Apr 08, 2015 9:37 am
 
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 209
Views: 16307

Re: Do you think Ric Edelman is correct, never pay down mort

Harold, "People love their debt -- that's the real message from these threads." Far from it. In fact I detest debt but make the mathematically and financially optimal decision to keep my mortgage in spite of my feelings. It's fair to say your interpretation and mine of this thread and thi...
by letsgobobby
Tue Apr 07, 2015 7:16 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 209
Views: 16307

Re: When to give adult children their inheritance?

OP here- thanks to ALL of you for your incredibly thoughtful suggestions/personal plan implementations. Very eye-opening and a lot to chew on! Frankly, I found it refreshing to see how many of you have complete faith in your children, the foundation you have set for them, their decision-making abil...
by letsgobobby
Tue Apr 07, 2015 6:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to give adult children their inheritance?
Replies: 57
Views: 6444

Re: Do you think Ric Edelman is correct, never pay down mort

Harold, "People love their debt -- that's the real message from these threads." Far from it. In fact I detest debt but make the mathematically and financially optimal decision to keep my mortgage in spite of my feelings. It's fair to say your interpretation and mine of this thread and this...
by letsgobobby
Tue Apr 07, 2015 11:38 am
 
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 209
Views: 16307
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