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Re: Gross Yearly Income needed in Retirement (Speculation)

^^^
all nice but he's just asking how much you make.
by letsgobobby
Fri Oct 24, 2014 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 94
Views: 6476

Re: Corporate co-trustee and state taxation

Thank you Bruce. That is reassuring to know since PA has an inheritance tax!
by letsgobobby
Fri Oct 24, 2014 12:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Corporate co-trustee and state taxation
Replies: 2
Views: 395

Re: Retirement portfolio advice - new physician

500 is more diversified and growth underperforms value historically so that would be my preference.
by letsgobobby
Fri Oct 24, 2014 12:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement portfolio advice - new physician
Replies: 6
Views: 913

Re: Do you regret buying your home?

We have regrets. A single feature that cannot be changed which bothers me, but not my wife, to no end. We are thinking of moving this spring in part for this reason. We are glad we purchased at the very bottom of the market as zillow says our house has appreciatd quite a bit, giving us in essence a ...
by letsgobobby
Thu Oct 23, 2014 2:33 pm
 
Forum: Personal Consumer Issues
Topic: Do you regret buying your home?
Replies: 66
Views: 4628

Re: Just wondering how you personally calculate net worth

An equally valid question is, how do you calculate your height? I include my feet, and my head, when measuring my height.
by letsgobobby
Thu Oct 23, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just wondering how you personally calculate net worth
Replies: 53
Views: 3090

Re: Health care tilt

Health care is a very attractive area to invest in imo. One can argue it is just another sector in the economy, but I would argue that health care is different. A few reasons: The health care industry is very stable, tremendously important, and tends to not to be as correlated to the general econom...
by letsgobobby
Tue Oct 21, 2014 9:40 pm
 
Forum: Investing - Theory, News & General
Topic: Health care tilt
Replies: 77
Views: 3742

Re: Gross Yearly Income needed in Retirement (Speculation)

$10k per month for two in real dollars. This allows for spoiling grandkids, helping kids, travel, charity, health care, etc. Obviously the push comes to shove budget could easily be half that assuming house is paid off. On the other hand, this doesn't include long term care.
by letsgobobby
Tue Oct 21, 2014 9:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 94
Views: 6476

Re: Retirement portfolio advice - new physician

It is ok for now to have 100% of both 401k s in the 500 index. You can use IRAs and old Roth 401k to fill in bonds and international stocks. I'd suggest no more than 70% stock. 80-90% is not crazy but it is very aggressive when your income doesn't require such levels of risk taking. Until you've liv...
by letsgobobby
Tue Oct 21, 2014 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement portfolio advice - new physician
Replies: 6
Views: 913

Re: Why not 100% Stocks?

Yesterdaysnews wrote:I decided to go 100% stock in my portfolio after I paid off my house. Seems like a no brainer to me. House is kinda like a big bond anyways.

Though in a true crisis/left tail event pretty hard to rebalance from.
by letsgobobby
Mon Oct 20, 2014 4:12 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20543

Re: Laddering Term Life Insurance

Can you clarify - you say X dollars per year as if the same each year but what happens in years 21-30 in scenarios 2 and 3?
by letsgobobby
Mon Oct 20, 2014 4:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laddering Term Life Insurance
Replies: 5
Views: 390

Re: DOW Watchers Stomach Syndrome

I love watching CNBC . It is pure entertainment. To me it's as fun as watching sports but without the cheerleaders. You get the over the top drama, the endless meaningless statistics, the big plays (like after hours corporate news releases, governmental surveys and reports), even a halftime report. ...
by letsgobobby
Mon Oct 20, 2014 12:18 pm
 
Forum: Investing - Theory, News & General
Topic: DOW Watchers Stomach Syndrome
Replies: 25
Views: 2088

Re: Why not 100% Stocks?

My stock portfolio is still 100% stocks.
by letsgobobby
Sun Oct 19, 2014 9:58 am
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20543

"I've had it" at work - how often

How often do you come home from a day at work and say to yourself, 'That was bulls---. I don't need this in my life - I'm done." Let me know your age/tenure, your field, and how often the above occurs. If it is never, I'm envious. I assume most of us have this from time to time. I had one of th...
by letsgobobby
Sat Oct 18, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12348

Re: Anyone cancelling travel plans?

Not now. I'm on a cruise in December.

I'm looking for airfares to come down. A little spread of the E bola bola should bring down airfares quickly.

Course then I may want to cancel my cruise.
by letsgobobby
Sat Oct 18, 2014 11:37 am
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6286

Re: Why do people use age instead of life expectancy?

I'll use life expectancy when you can tell me what mine is.

By the way I'm 40 and dang sure of it.

And what a pathetic and nauseating article by an ethicist. The implication that all over 75 are no longer contributing to society... how sad that he feels that way.
by letsgobobby
Sat Oct 18, 2014 9:55 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2914

Re: Best place (with warm weather) to raise children

Davis, CA, Palo Alto, etc.

You didn't say anything about costs.
by letsgobobby
Thu Oct 16, 2014 4:31 pm
 
Forum: Personal Consumer Issues
Topic: Best place (with warm weather) to raise children
Replies: 73
Views: 4970

Re: How did you get from $1M to $10M

not in your target range either but one way could be, I waited 40 years (and my money doubled every twelve).
by letsgobobby
Thu Oct 16, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4034

Re: Who should regularly contribute to taxable investments?

And again for people who might hit the estate tax, the annual contributions to 529 consume yearly gift tax exclusion, whereas if you waited and funded the education pay-as-you-go that doesn't take up any exclusion, and you could separately contribute additional gifts to a trust account etc using th...
by letsgobobby
Thu Oct 16, 2014 1:59 pm
 
Forum: Investing - Theory, News & General
Topic: Who should regularly contribute to taxable investments?
Replies: 34
Views: 3548

Re: TBM too much treasury?

TBM is my risk free asset. I wonder why I don't just hold treasuries. Corporates went down in 2008. I think Larry has written that the more stocks you own, the more important your bonds be risk-free, ie, treasuries. For those with moderate equity allocations, a little extra corporates may not hurt -...
by letsgobobby
Thu Oct 16, 2014 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 4291

Re: Mortgage from family member

Afty wrote:Suppose you do lend money to family. Do you have to pay income tax on the interest you receive?

my dad reports the interest. I deduct the interest.
by letsgobobby
Thu Oct 16, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage from family member
Replies: 21
Views: 1649

Re: Mortgage from family member

Taking the opposite side, I borrowed, twice, from my dad, with no problems. The first time was straight out of residency. I needed an additional 10% for a down payment. I paid it back over 12 months or so. We had a formal note, interest, etc. The second time was last summer. I bought an investment p...
by letsgobobby
Thu Oct 16, 2014 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage from family member
Replies: 21
Views: 1649

Re: Headed for a 300+ point loss today?

Let's see how far today's drop goes. AS a young investor this is finally some great news. I will be increasing my contributions in my Roth 403b and Roth IRA. I would never want to wish any harm on people's jobs/homes...but I do love seeing stocks in free fall. :sharebeer I hate statements like this...
by letsgobobby
Thu Oct 16, 2014 9:59 am
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28451

Re: Does your ROTH hold risky or stable items?

The RMDs will partly disrupt that strategy, and for some they RMDs plus pension plus SS will be substantial enough that there will be no 0% or low tax rate period. End of life care is expensive, but if the average nursing home stay is 2 years that is only, say, $200k, and your Medicare copays and me...
by letsgobobby
Thu Oct 16, 2014 9:56 am
 
Forum: Investing - Theory, News & General
Topic: Does your ROTH hold risky or stable items?
Replies: 56
Views: 3372

Re: Feeling very fortunate today!

I feel very fortunate. I was looking at retiring as early as Dec. 1. In preparation for that I had set up accounts with 3 years expenses to ride out tough markets. Now with the correction/pullback I think I will work another year and funnel any new savings in 100% stocks. I feel very fortunate at t...
by letsgobobby
Wed Oct 15, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Feeling very fortunate today!
Replies: 52
Views: 6147

Re: investing in bear market

What does your IPS say? Mine says: - all new pretax money (403b/401a etc) goes to stable value fund, rebalanced from time to time to maintain a 50/50 stable value/total bond mix; - all Roth and HSA money goes to US small value or international small, depending on whether US or international is below...
by letsgobobby
Wed Oct 15, 2014 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing in bear market
Replies: 29
Views: 2246

Re: Sixth anniversary of worst week ever for stocks

octobers... nasty months for stocks they are.
by letsgobobby
Wed Oct 15, 2014 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sixth anniversary of worst week ever for stocks
Replies: 51
Views: 4116

Re: Headed for a 300+ point loss today?

ouch. but no rebalancing band, and no screaming buy in PE10 land, so nothing to do. On the other hand, PE10 is down around 23.5 now, which by 'old' calculations is closer to 20, so maybe stocks aren't as expensive as they look. Plus this is definitely an RBD. So maybe I'll overrebalance a bit, from ...
by letsgobobby
Wed Oct 15, 2014 1:47 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28451

Re: Siren song of increased stock allocation

I'll buy more stocks when dow hits around 13,000, ie pe10 of about 20.
by letsgobobby
Tue Oct 14, 2014 11:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Siren song of increased stock allocation
Replies: 38
Views: 2900

Re: Headed for a 300+ point loss today?

Learning is state dependent. What you learn when you are terrified is not easily recalled when you are comfortable; similarly what you learn when you are terrified is too easily recalled the next time you are scared. Variations on this theme explain problems like PTSD (learning should be confined to...
by letsgobobby
Tue Oct 14, 2014 9:22 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28451

Re: Who should regularly contribute to taxable investments?

[*]invest in tax advantaged education accounts - no kids Curious, do most people who regularly contribute to taxable investments fall into ⋅ don't have or don't plan to have kids (one can open 529 in own name long before kids) ⋅ won't pay for kids' education ⋅ already ...
by letsgobobby
Tue Oct 14, 2014 7:32 pm
 
Forum: Investing - Theory, News & General
Topic: Who should regularly contribute to taxable investments?
Replies: 34
Views: 3548

Re: Who should regularly contribute to taxable investments?

That may be true from your personal observations, but where is the true authoritative proof? Does the IRS publish such figures? I would not think CBS news is such an official authoritative and respected public agency. Yes, I believe the IRS publishes the data. Here's a link to start with: http://ph...
by letsgobobby
Tue Oct 14, 2014 7:04 pm
 
Forum: Investing - Theory, News & General
Topic: Who should regularly contribute to taxable investments?
Replies: 34
Views: 3548

Re: Does your ROTH hold risky or stable items?

Roth is 100% stocks, mostly small cap value and international small cap. Recent volatility totally irrelevant to me, I don't care how my Roths perform, only the total portfolio. I am 60/40 overall so total portfolio fluctuations recently haven't been much. Furthermore, I don't check my total portfol...
by letsgobobby
Tue Oct 14, 2014 6:11 pm
 
Forum: Investing - Theory, News & General
Topic: Does your ROTH hold risky or stable items?
Replies: 56
Views: 3372

Re: Relatively new here. What did you do in 2008/09

HomerJ wrote:
letsgobobby wrote: I follow a PE10 (valuation) based allocation, and had been as low as 0% stocks in 2000.


Shouldn't you have been near 0% stocks long before 2000? Like 1996 or 1997?

Oh, I was. But I had 0 money, too... I didn't graduate medical school until 1999.
by letsgobobby
Tue Oct 14, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 6873

Re: Relatively new here. What did you do in 2008/09

In January 2008 I was 30% stocks; by May 2009 almost 70% stocks. I follow a PE10 (valuation) based allocation, and had been as low as 0% stocks in 2000. I bought substantial blocks in January 2008, July 2008, October 2008, February 2009, and May 2009. I sold 80% of my VGPMX in July 2008, after holdi...
by letsgobobby
Tue Oct 14, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 6873

Re: Who should regularly contribute to taxable investments?

Anyone with a high income will easily hit all those steps and have money leftover. Their choice is either to spend it, give it away, or save it/invest it, so saving/investing in taxable becomes a default. For wife and me this is our reason. Good luck. Who wants to give money away? Would it be bette...
by letsgobobby
Tue Oct 14, 2014 1:25 pm
 
Forum: Investing - Theory, News & General
Topic: Who should regularly contribute to taxable investments?
Replies: 34
Views: 3548

Re: Why not 100% Stocks?

I have disability insurance for a situation where I can no longer perform my job. I am in a profession where I can always find a job thankfully (physician). Seems like no reason not to have a stock heavy portfolio based on index funds. 0.05% ER is almost nothing. It is too good a deal to pass up to...
by letsgobobby
Tue Oct 14, 2014 12:49 am
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20543

Re: Invest earlier or stick with the plan?

Don't you have any other investment accounts like a 401k with which you could rebalance?
by letsgobobby
Mon Oct 13, 2014 11:56 am
 
Forum: Investing - Theory, News & General
Topic: Invest earlier or stick with the plan?
Replies: 5
Views: 331

Re: Is semi-retirement a bad idea?

A few responses in here are pretty insulting... Similarly, 80K (especially in a low cost of living area) is a very high salary for many people. It's well above average household income. Having to "downgrade" to a mere 80K per year is apparently unimaginable to some people here. I haven't ...
by letsgobobby
Sun Oct 12, 2014 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7120

Re: Is semi-retirement a bad idea?

I started college late and so I didn't finish graduate school and start my career proper until age 29. I would have sworn that I would never get burnt out and anyone that knew me would have sworn the same. But I burned out at age 40. Also, I came to the conclusion that high paying jobs are inherent...
by letsgobobby
Sun Oct 12, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7120

Re: Is semi-retirement a bad idea?

My kids will be in grade school by the time I pull this off also, but I envision an entire summer or 2 (or more) living somewhere other than home with them for a couple months. Maybe abroad, maybe just another place in the US. Somewhere where we can live like locals, get some part time work done, a...
by letsgobobby
Sun Oct 12, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7120

Re: Is semi-retirement a bad idea?

That's the type of viewpoint that I'm wondering why so many people are married to -- the idea that retirement = lump sum * 4% withdrawal rate, and that you can't retire until that equals your current level of income. I'm asking why don't more people plan on working part time and semi-retiring earli...
by letsgobobby
Sun Oct 12, 2014 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7120

Re: Best town I've never heard of [for relocating]

It's the high cost areas that always attract me. I like the root causes of the high cost...like beautiful beaches, fine schools, skiing out your door, historic old town districts, estate living, outdoor recreation.... Dang, there seems to be a relationship between high cost and all that other good ...
by letsgobobby
Sun Oct 12, 2014 11:17 am
 
Forum: Personal Consumer Issues
Topic: Best town I've never heard of [for relocating]
Replies: 97
Views: 9680

Re: Sell Taxable to Fund Roth?

as Peter Foley points out, the answer is a qualified yes, depending on the amount of taxes you must pay to do so. If you have anything with a loss, or a negligible gain, you should definitely do so. It's more complicated if you have an investment with a 150% unrealized gain (for example). You would ...
by letsgobobby
Sun Oct 12, 2014 10:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Sell Taxable to Fund Roth?
Replies: 6
Views: 478

Re: Is semi-retirement a bad idea?

When you pull this trigger, how much do you envision having saved? You'll have no debt, and believe you can live off $80k per year (presumably including taxes and health care, and $600 per month in 529 contributions), and probably won't be saving any more money for retirement, so need to have everyt...
by letsgobobby
Sun Oct 12, 2014 12:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7120

Re: Headed for a 300+ point loss today?

JohnnyFive wrote:I'd love to be proven wrong but I won't be.

This seems to sum up your experience of yourself, and my experience with you in your four weeks on this board. You have all the answers, to all the questions, not only for yourself but for everyone else.
by letsgobobby
Sat Oct 11, 2014 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28451

Re: Best town I've never heard of [for relocating]

Nowhere in Texas has 4 distinct seasons, let's be serious. There's variations of hot, hot and humid, very hot and dry, and then mild winters with the occasional snow/ice storm. St. George is not within an hour of a big city. It's 2 hours to Las Vegas. Bellingham does not have a low-average cost of l...
by letsgobobby
Sat Oct 11, 2014 2:31 pm
 
Forum: Personal Consumer Issues
Topic: Best town I've never heard of [for relocating]
Replies: 97
Views: 9680

Re: Best town I've never heard of [for relocating]

Hello fellow Bogleheads! I'm looking to move to a town in which to put down roots and raise a family. I've finally come to the conclusion that life is too short not to live in a place you find beautiful. So, below are some criteria I'm looking for, and I look forward to any recommendations you migh...
by letsgobobby
Sat Oct 11, 2014 1:24 pm
 
Forum: Personal Consumer Issues
Topic: Best town I've never heard of [for relocating]
Replies: 97
Views: 9680

Re: Who should regularly contribute to taxable investments?

Given those, it seems that people investing in taxable would be young renters with no current plans for children or those who have paid off a mortgage and already sent kids to school. Anyone with a high income will easily hit all those steps and have money leftover. Their choice is either to spend ...
by letsgobobby
Fri Oct 10, 2014 9:37 pm
 
Forum: Investing - Theory, News & General
Topic: Who should regularly contribute to taxable investments?
Replies: 34
Views: 3548

Re: Why not 100% Stocks?

Even those with significant parts of their portfolios in bonds won't argue that bonds will outperform stocks over the long term. Disagree completely. I have 40% bonds, and what I argue is that it is quite possible that bonds will outperform stocks over a long period of time. How possible? I don't k...
by letsgobobby
Fri Oct 10, 2014 9:31 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20543

Re: Headed for a 300+ point loss today?

That was very discouraging action. Following the biggest decline of the year, stocks were weak all day and then waterfalled into the close. No bounce at all. The decline was led by tech stocks, mid caps, and transports. Meanwhile the 10 Y Treasury yield dropped again to a new low for the year while ...
by letsgobobby
Fri Oct 10, 2014 4:29 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28451
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