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Re: 36 yo looking for early retirement

Thought I would update the thread with the direction I am headed. 1. Pay off the mortgage of $140,000 2. Pay off the student loan at 1.625%, keep the other loan at 0.39% 3. Use the remaining cash after debt payoff ($90K) and buy TSM in taxable. 4. Hold only TSM in taxable. 5. Plan to use SEPP option...
by radchad3
Sun Feb 01, 2015 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: 36 yo looking for early retirement
Replies: 28
Views: 4644

Re: 36 yo looking for early retirement

Thank you for the replies! Emergdoc: I have looked more into the SEPP option and I am not averse to using that at all. I just had always read to draw down from taxable first so I wondered if I needed to treat my AA in taxable differently than I had been. If not, should I simply just keep TSM in taxa...
by radchad3
Thu Jan 29, 2015 9:21 am
 
Forum: Investing - Help with Personal Investments
Topic: 36 yo looking for early retirement
Replies: 28
Views: 4644

Re: 36 yo looking for early retirement

Thank you all for the replies! I do agree that paying off the debt allows two things to happen; financial security and a way to DCA with the new money that won't be spent on the mortgage and student loans. Also I think working part time at 45 would be a real consideration. It would allow me to furth...
by radchad3
Wed Jan 28, 2015 7:06 am
 
Forum: Investing - Help with Personal Investments
Topic: 36 yo looking for early retirement
Replies: 28
Views: 4644

Re: 36 yo looking for early retirement

Thank you all for your thoughtful responses. Keep them coming! Staythecourse: I understand I can always do more reading. I have read quite a few of the boglehead-approved books and follow the forum closely along with WCI. The main reason I have so much cash right now is I have put 6 figures in the m...
by radchad3
Tue Jan 27, 2015 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: 36 yo looking for early retirement
Replies: 28
Views: 4644

Re: 36 yo looking for early retirement

Thank you both for the responses! Our expenses are about $120K/year. I am hoping to be around $100k-$120K/year during retirement, probably closer to $100k depending on how much health care costs.

Thanks!

Chad
by radchad3
Tue Jan 27, 2015 2:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 36 yo looking for early retirement
Replies: 28
Views: 4644

36 yo looking for early retirement

Hello everyone! I have been investing for my retirement for about 5-6 years now and I am lucky enough that my income has gradually increased to the point where I have been able to put about $150K/year combined in taxable/tax-deferred accounts. My goals is to be able to retire at age 45-50 although I...
by radchad3
Tue Jan 27, 2015 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: 36 yo looking for early retirement
Replies: 28
Views: 4644

VG ETF that resembles Total International at TD Ameritrade?

Hi all, I have set up my HSA through HSA bank and had my funds sent over to TD Ameritrade. I guess I didn't look that close but thought they would have VSUX (VG total international ETF) as one of their commission free ETF's. Unfortunately this is not a choice. What other ETF's on the commission free...
by radchad3
Thu Jan 15, 2015 2:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: VG ETF that resembles Total International at TD Ameritrade?
Replies: 4
Views: 321

Re: Physician owned building versus rent

I also agree with buying in. I think you answered your own question when you stated you would have animosity if you were the only one out and that you would make significantly less if you practiced elsewhere. In the overall scheme of things $500K is not going to delay your retirement much when your ...
by radchad3
Sun Jan 11, 2015 10:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Physician owned building versus rent
Replies: 16
Views: 1435

Re: Travel Insurance for a "trip of a lifetime"

The exception becomes a personal choice in that a 5 figure trip hurts a lot more than a $1,000 trip. I can afford to self insure in both cases. The question becomes whether a small upfront cost can obviate the need for ice on my bum if the trip doesn't happen.
by radchad3
Thu Sep 04, 2014 12:16 pm
 
Forum: Personal Consumer Issues
Topic: Travel Insurance for a "trip of a lifetime"
Replies: 36
Views: 2659

Re: Travel Insurance for a "trip of a lifetime"

I looked at worldnomads and they have a very reasonable rate. I picked there upper level policy and it was $204 for my trip. Has anyone else used these guys? Any gaping holes in the policy that would push me more towards travelguard etc? Thanks!

Chad
by radchad3
Thu Sep 04, 2014 9:20 am
 
Forum: Personal Consumer Issues
Topic: Travel Insurance for a "trip of a lifetime"
Replies: 36
Views: 2659

Re: Travel Insurance for a "trip of a lifetime"

Thank you all so far for the info! Phineas: "Trip of a lifetime" were my words in the sense that this was a high dollar trip that we won't be planning on taking but once every 10 years or so. We can afford to pay for it if we didn't go, I just know it would sting a little. :) I am looking ...
by radchad3
Wed Sep 03, 2014 2:42 pm
 
Forum: Personal Consumer Issues
Topic: Travel Insurance for a "trip of a lifetime"
Replies: 36
Views: 2659

Re: Travel Insurance for a "trip of a lifetime"

Thank you everyone so far for the suggestions. I have excellent healthcare coverage which also covers international travel so I am good there. My travel agent was getting me a quote but I wanted to get another quote to see how they compared. Keep the thoughts coming, thank you!

Chad
by radchad3
Wed Sep 03, 2014 10:12 am
 
Forum: Personal Consumer Issues
Topic: Travel Insurance for a "trip of a lifetime"
Replies: 36
Views: 2659

Travel Insurance for a "trip of a lifetime"

Hi everyone!

I recently booked a "trip of a lifetime" to the South Pacific. I normally do not buy trip insurance but since this adventure is quite pricey I figured it may be worth looking into. Does anyone have advice on this? Places to get quotes, etc? Thank you for your time!

Chad
by radchad3
Wed Sep 03, 2014 9:30 am
 
Forum: Personal Consumer Issues
Topic: Travel Insurance for a "trip of a lifetime"
Replies: 36
Views: 2659

Re: Mortgage or pay cash

I think at 2.75% they could take out a loan for the 5 years and be prepared to pay it off before the ARM kicks in. This would give them enough time to rearrange their money or pay as they go so as to not upset their AA too much.
by radchad3
Sun Aug 17, 2014 7:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage or pay cash
Replies: 9
Views: 1222

Re: 36 year old looking for advice

I will let others chime in on the VUL's etc but one thing I wanted to bring up is that if you own a SIMPLE IRA, pro-rata rules apply and it becomes more difficult/expensive to fund a backdoor roth. Good pro-rata rules and you will find a fair amount of information. I also agree with simplifying as m...
by radchad3
Fri Feb 07, 2014 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: 36 year old looking for advice
Replies: 12
Views: 1606

Re: Train tickets in Italy-Wow!!

We are also going to Italy in May. I had a heck of a time on the trenitalia sight until I finally switched to google chrome. I was using Safari. Didn't have a single hiccup since the switch. When booking for some reason you have to go to the top pull down menu and "purchase tickets". The s...
by radchad3
Wed Jan 29, 2014 12:23 pm
 
Forum: Personal Consumer Issues
Topic: Train tickets in Italy [trouble booking with Trenitalia]
Replies: 22
Views: 2382

Re: Help with wife's 401k-Trying to move to Vanguard

That is a good thought but unfortunately we are doing backdoor roths as well so a rollover IRA won't work for us. Here are the fund options along with ER's for her account: Federated US Treasury Cash Reserves UTIXX 0.20 Vanguard Short Term Inflation Protected Securities Fund VTAPX 0.20 Ave Maria Bon...
by radchad3
Mon Jan 06, 2014 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with wife's 401k-Trying to move to Vanguard
Replies: 9
Views: 584

Re: Help with wife's 401k-Trying to move to Vanguard

Thank you all for the responses so far! I could be a little more clear about her work situation. She works for a catholic church in town so the diocese makes the decision on the trust company/401k administrator. We currently max out her 401k as well as my tax-advantaged accounts so it is really impo...
by radchad3
Mon Jan 06, 2014 4:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with wife's 401k-Trying to move to Vanguard
Replies: 9
Views: 584

Re: Help with wife's 401k-Trying to move to Vanguard

Yeah, that is what I was afraid of. I would love to have the whole thing moved but that isn't going to happen unfortunately. Are there any other options?
by radchad3
Mon Jan 06, 2014 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with wife's 401k-Trying to move to Vanguard
Replies: 9
Views: 584

Help with wife's 401k-Trying to move to Vanguard

Hello all! My wife has a 401k at her job with terrible options and ER's >1.0. It is a relatively small business and the administrator said she would be more than happy to have her check deposited to whichever custodian we chose. My question is will VG be able to do this? Does the 401k have to go thr...
by radchad3
Mon Jan 06, 2014 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with wife's 401k-Trying to move to Vanguard
Replies: 9
Views: 584

Re: Car Wax

Meguiar's NXT. Does a really nice job!
by radchad3
Sat Oct 05, 2013 5:37 pm
 
Forum: Personal Consumer Issues
Topic: Car Wax
Replies: 42
Views: 2937

Re: What % of your income are you saving for retirement?

Thought I would repost with my more accurate figures:

% of full gross income including retirement funding and passive income: 33.94%
% of net (after taxes): about 46%
by radchad3
Thu Feb 14, 2013 10:53 pm
 
Forum: Investing - Theory, News & General
Topic: What % of your income are you saving for retirement?
Replies: 228
Views: 22531

Re: What % of your income are you saving for retirement?

I have been using box 1. I see what you are saying about using box 3 though. That is the only thing about these types of threads. The percentages can vary wildly depending on the numbers used. I wish there was a standard so we could truly compare apples to apples.
by radchad3
Sat Feb 09, 2013 1:42 am
 
Forum: Investing - Theory, News & General
Topic: What % of your income are you saving for retirement?
Replies: 228
Views: 22531

Re: What % of your income are you saving for retirement?

Not sure how everyone calculates their percentages but I take the total amount saved (pre and post tax) and divide it by our W-2's. Calculating it this way gave us about 42% savings rate for 2012.
by radchad3
Sat Feb 09, 2013 1:00 am
 
Forum: Investing - Theory, News & General
Topic: What % of your income are you saving for retirement?
Replies: 228
Views: 22531

Re: Newbie seeking portfolio advice

Hi Neill, You are getting good advice here. I agree in that the only funds I would keep in the taxable would be TSM or Total international. The next thing I would try and do is get your Great Western account (not sure what this one is) and your rollover IRA to the VG 401k if they allow it. This woul...
by radchad3
Fri Jan 11, 2013 7:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie seeking portfolio advice
Replies: 22
Views: 1607

Re: What was your 2012 return?

10.5% (XIRR) with a 67/33 equities/bond split. 30% international. Pretty happy with that but seems most are higher with the same ratio. Likely related to the timing of new contributions?? I will take it though!
by radchad3
Tue Jan 01, 2013 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: What was your 2012 return?
Replies: 275
Views: 20513

Re: Backdoor Roth Question

Thank you all for the replies. I have sent an email off to my CPA with the above link. We shall see what she says. Thanks! Chad
by radchad3
Fri Dec 21, 2012 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1208

Re: Backdoor Roth Question

So I just got a response from my CPA regarding the $6k in pretax going into the 401k. Here is her response: "Unfortunately, the rules do not allow you to “identify” the $6,000 earnings as the portion you are rolling into the company 401k. The full balance has to be prorated…. so if you are roll...
by radchad3
Thu Dec 20, 2012 7:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1208

Re: Total Stock Market or Total International in taxable?

That is a good thought actually! Thanks!
by radchad3
Mon Dec 17, 2012 6:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market or Total International in taxable?
Replies: 7
Views: 1075

Re: Total Stock Market or Total International in taxable?

Thank you all for the replies. I have all the VG funds available in my retirement account. I had just been using TSM in my taxable thinking that was the most efficient. Just wanted to see others thoughts on this! Thanks!!
by radchad3
Mon Dec 17, 2012 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market or Total International in taxable?
Replies: 7
Views: 1075

Re: Backdoor Roth Question

That all makes sense! So the two scenarios I see are: 1. SIMPLE IRA rollover to 401k. Then $6k pretax sent to 401k. Then $10k converted to Roth IRA 2. SIMPLE IRA rollover to 401k. 401k won't allow for Trad IRA rollovers so $16k converted to Roth IRA with $6k being taxed at my nominal tax bracket. Wi...
by radchad3
Mon Dec 17, 2012 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1208

Re: Backdoor Roth Question

Thanks Alan! I know they will accept SIMPLE IRA rollovers as the papers have been signed and in progress. What has piqued my interest is that once the SIMPLE has been rolled over and done with; can I then take the $6k in gains and also roll it over into the 401k (if the plan allows) and consequently...
by radchad3
Sun Dec 16, 2012 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1208

Re: Backdoor Roth Question

If you want it to be tax free, you also have to roll over the 6k pre tax IRA amount. Or perhaps for just 6k, she leaves it in the IRA and will have a larger conversion but 6k will be taxable. Be sure your respective non deductible contributions have been reported or will be reported on separate 860...
by radchad3
Sun Dec 16, 2012 9:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1208

Re: Backdoor Roth Question

Also, another question came to mind! My wife has not been working the whole year up until this month so her earned income will be <$2K. If we file are taxes jointly, I can still contribute to here TIRA for conversion to a Roth once I complete the transactions above correct?

Thank again! Chad
by radchad3
Sun Dec 16, 2012 9:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1208

Re: Backdoor Roth Question

Thank you for the reply! So if I can do #1 then #2 shouldn't come into play and I wont have to pay the taxes on the gains correct?

I agree, getting this done by the end of the year will be tough to do!
by radchad3
Sun Dec 16, 2012 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1208

Total Stock Market or Total International in taxable?

Hello all! I currently have been contributing my max to our retirements and any leftover savings have been going into a taxable account. I have been putting that in VG total stock market. Is there any savings to be made from a tax standpoint by buying VG total international instead? Thank you very m...
by radchad3
Sun Dec 16, 2012 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market or Total International in taxable?
Replies: 7
Views: 1075

Backdoor Roth Question

Hi everyone! I know there are a fair amount of Roth IRA questions but I need yet another answered. My wife and I are over the income limitations for a direct Roth contribution so I have been making backdoor contributions for a couple of years. However, my wife has had a SIMPLE IRA for several years ...
by radchad3
Sun Dec 16, 2012 8:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1208

Re: Inheriting $200k.... what to do?

First and foremost: Sorry for your loss. The advice you are getting is great! You have stumbled on to potentially the biggest financial turnaround of your life and if you follow the advice on this forum, it will allow you to retire when you want to and live a more stress free financial life. Stay mo...
by radchad3
Wed Aug 08, 2012 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inheriting $200k.... what to do?
Replies: 19
Views: 2010

Re: Have some "leftover" investment $$ What to do with it??

Vortex: That is a very reasonable idea! Watty: I was thinking along those same lines in regards to the I-bonds. As far as the muni bonds, I realize that I will be at interest rate risk etc for individual munis. What are your thoughts on the the intermediate tax exempt muni bond fund? Any thoughts fr...
by radchad3
Thu Aug 02, 2012 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have some "leftover" investment $$ What to do with it??
Replies: 8
Views: 928

Re: Have some "leftover" investment $$ What to do with it??

5. Others?? 6) Tilt your "now vs later" balance towards "now" some more. You might not live to retire or have health issues by then. What are you going to do when you retire? Start doing some of those things now. I actually feel like we have. We are able to take 3-4 vacations/yr...
by radchad3
Wed Aug 01, 2012 5:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have some "leftover" investment $$ What to do with it??
Replies: 8
Views: 928

Have some "leftover" investment $$ What to do with it??

Hello everyone! I have been investing for my retirement for about 2-3 years now and I am lucky enough that my income has gradually increased to the point where I have been able to put about 100K+ a year in both taxable and tax-deferred accounts. Running all the calculators etc shows that I should be...
by radchad3
Wed Aug 01, 2012 4:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have some "leftover" investment $$ What to do with it??
Replies: 8
Views: 928

Anyone with opinions on the PenFed 1.99% HEL?

Hello everyone! I am looking at the Penfed home equity loan with a 5 yr fixed rate at 1.99% This seems like a very good deal! I was wondering if anyone has had any experience with this loan or Penfed in general. Other than the appraisal is there truly no other closing costs? How was customer service...
by radchad3
Mon Jul 23, 2012 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone with opinions on the PenFed 1.99% HEL?
Replies: 4
Views: 1431

Re: Resident Physician - need of major help.

Congrats on finishing your training! I agree with most of the above posts. WIth your 403b I would consider leaving it or rolling it over to another 401k/403b at your next job. I would hesitate rolling it over into a IRA right now as it will have tax implications in the future should you want to do a...
by radchad3
Tue May 22, 2012 8:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Resident Physician - need of major help.
Replies: 75
Views: 9918

Re: [POLL] How many miles on your car?

My car: 1998 Pontiac Bonneville 114,000 (paid $6,700 7 years ago in cash)
WIfes car: 2006 Pontiac Grand Prix GT 77,000 (paid $11,600 2 years ago in cash)
by radchad3
Fri Mar 30, 2012 7:58 pm
 
Forum: Personal Consumer Issues
Topic: [POLL] How many miles on your car?
Replies: 141
Views: 6843

Re: Young investor seeking advice for the new year and beyon

I agree with Supraacumen: You want to keep your ER as low as possible as it keeps more money in your pocket! I know you want the simplest plan possible but adding a Target fund in your tax sheltered and then index funds in your taxable seems more complicated and on top of that more expensive! If you...
by radchad3
Wed Feb 15, 2012 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young investor seeking advice for the new year and beyond!
Replies: 12
Views: 857

Re: Young investor seeking advice for the new year and beyon

Questions: 1. I have about $40k sitting in my savings account, not even keeping up with inflation. The goal was to keep this money liquid for a down payment towards a house. Since I've decided this might not happen for at least another 1-2 years due to my location, I'd like to put this money to work...
by radchad3
Wed Feb 15, 2012 12:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Young investor seeking advice for the new year and beyond!
Replies: 12
Views: 857

Re: What Percentage of your Gross Income for Housing & Auto?

Mortgage (house payment, property taxes, and insurance): 5.6%
Utilities: 0.67%
Car insurance: 0.19%
Gas: 1.0%
Car registration and taxes: 0.08%

Total: 7.54%

Own two cars outright (2006 and 1998) and mortgage on house.
by radchad3
Mon Feb 13, 2012 1:15 am
 
Forum: Personal Finance (Not Investing)
Topic: What Percentage of your Gross Income for Housing & Auto?
Replies: 87
Views: 6579

Re: Newbie Finishing Residency Training Seeking Advice @ 29

Yes, those are the two I would recommend. I also wanted to comment on a couple of things. I agree with emergdoc on the LI. At those rates I would simply take the $500k from the hospitals policy and call it a day. Some would argue not even that. When it comes to DI, I carry Guardian for my insurance....
by radchad3
Thu Jan 19, 2012 1:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie Finishing Residency Training Seeking Advice @ 29
Replies: 12
Views: 1458
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