Search found 64 matches

by ripete
Fri Apr 03, 2015 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for me???
Replies: 23
Views: 15204

Re: Best credit card for me???

Just a little confused. I have a pen fed card which USED to give me 5% on gas, but they changed that on me a couple of years ago. Are you truly getting 5% on gas, and if so, what happened to me. BTW, it's a PenFed Visa card.
by ripete
Sun Mar 01, 2015 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 53524

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

I'm curious as to how people calculate their network. Liquid network that excludes home equity, households items, etc.? Do you include the full balance of your 401k? I look at my 401k as a joint account with the IRS since they will get a portion of it when I get to the withdraw phase. Do you includ...
by ripete
Fri Feb 27, 2015 2:40 pm
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 6687

Re: Is a generator worth it?

Is a generator worth it? To summarize: 1)How often do you lose power? 2) What are the consequences? a) food loss b)broken pipes c)elderly living in winter without heat/in summer without a/c d)young children living in winter without heat/in summer without a/c Summarize in your mind what the pros and ...
by ripete
Thu Feb 19, 2015 8:05 pm
Forum: Personal Consumer Issues
Topic: CarsDirect didn't lead to dealers responding with prices
Replies: 63
Views: 5511

Re: CarsDirect didn't lead to dealers responding with prices

This won't answer your question, and I found it mystifying and frustrating at the time. Now I just laugh about it. I was in the market for an SUV,my Nissan Pathfinder lease was coming to an end, and KIA had just come out with a full size SUV. It was a brand new model, in its first year, at the time....
by ripete
Mon Jan 26, 2015 5:54 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 931
Views: 147029

Re: What Movie Have You Recently Watched?

Saw a few movies over the past few weeks: Birdman The Theory of Everything American Sniper Wild Unbroken Here are the reviews: BIRDMAN: what the heck was that all about? Now, maybe in 5 years, I'll say 'wow that was just a great movie, but I just didn't get it at the time.' Unfortunately, now is 'at...
by ripete
Sat Jan 24, 2015 8:55 am
Forum: Investing - Help with Personal Investments
Topic: 401k to Roth conversion for a retiree
Replies: 15
Views: 1357

Re: 401k to Roth conversion for a retiree

My thanks to celia and Peter Foley for your answers. Much much appreciated. Re: 401k to Roth conversion for a retiree Postby Peter Foley ┬╗ Fri Jan 23, 2015 11:36 pm bena If you have good low cost options in your 401k, I would recommend starting with your IRA and convert enough each year up to the to...
by ripete
Fri Jan 23, 2015 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: 401k to Roth conversion for a retiree
Replies: 15
Views: 1357

Re: 401k to Roth conversion for a retiree

Okay, please explain the math to me, because after reading the link, I'm a little confused. Let's say I will receive a grand total of $36,000 per annum from social security between myself and my wife, and let's say that our children are no longer dependents. That said, do I understand this correctly...
by ripete
Tue Jan 20, 2015 8:47 pm
Forum: Personal Consumer Issues
Topic: urgent: how to identify top surgeons for a procedure
Replies: 49
Views: 4310

Re: urgent: how to identify top surgeons for a procedure

Is there anyone you know who's had CABG or stents from docs in the Philly area? I've read these posts, and they run the gamut. You've gotten opinions from both sides of the aisle. Don't drive yourself too crazy over this. You ask good questions, but there are no easy answers. It's called faith. You ...
by ripete
Fri Jan 16, 2015 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 17784

Re: Should I Declare Victory and Pack It In?

By the way, just to lend a little legitimacy to my comments, understand that when you're working, I'm working too, just on the other side of the drapes. So I know exactly what you're talking about
by ripete
Fri Jan 16, 2015 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 17784

Re: Should I Declare Victory and Pack It In?

Okay, as usual, lots of interesting and helpful replies. I'll try to chime in as well. 1) You say you had a year off already and lost 500K due to an unfortunate move. Although I have no way of knowing, I don't know if that 500K loss was BECAUSE you were out of work for a year or due to some other re...
by ripete
Sun Jan 11, 2015 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 11929

Re: Can I retire early? 38 y/o

Read a lot (not all) of these responses. Couple of points 1) Just because you and your wife grew up with nothing doesn't mean your child will opt for nothing. If you buy the 900K house and live in the fancy neighborhood, and you're surrounded by people who buy the fancy cars, go on the fancy vacatio...
by ripete
Sun Jan 04, 2015 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Financ[ing] My Son's Law School
Replies: 65
Views: 4679

Re: Finance My Son's Law School

Moritz School of law tuition is approx 28K in state resident, 42K out of state applicant. I'm assuming law school is 3 years, so it's either approx 90 k or 125 K. Are you still working? Do you believe your child needs the extra motivation of having 'skin in the game', or do you think the fact that g...
by ripete
Fri Jan 02, 2015 12:47 pm
Forum: Investing - Theory, News & General
Topic: What will be the biggest investment surprises of 2015?
Replies: 82
Views: 8688

Re: What will be the biggest investment surprises of 2015?

The Wilpons will claim that their Madoff losses have all been recouped, they'll spend on the Mets like drunken sailors, and the Mets will pretend it's 1986 all over again and win it all. This, would be the biggest investment surprise, to my reckoning :mrgreen: Oh, yes, and Mr. Nourini will have posi...
by ripete
Thu Jan 01, 2015 7:14 pm
Forum: Personal Consumer Issues
Topic: Car shuts off while driving - death, dealers, & liability
Replies: 47
Views: 5527

Re: Car shuts off while driving - death, dealers, & liabilit

http://finance.yahoo.com/news/general-motors-issues-three-recalls-185026444.html General Motors issues three new recalls, cites ignition systems ....If the vehicle is driven that way and experiences a "significant jarring event," the ignition lock cylinder could move into the "accesso...
by ripete
Thu Jan 01, 2015 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Question on 2015 Roth 401K and Traditional IRA contributions
Replies: 2
Views: 384

Question on 2015 Roth 401K and Traditional IRA contributions

It's January 1st. Happy New Year to all! Question: Can I contribute to my 401K Roth today, understanding it probably won't actually see the actual account until January 5th? Same question about traditional IRA (funding with post tax dollars). The reason I ask is that I'm not sure if I have to actual...
by ripete
Wed Dec 31, 2014 9:51 pm
Forum: Personal Consumer Issues
Topic: Car shuts off while driving - death, dealers, & liability
Replies: 47
Views: 5527

Re: Car shuts off while driving - death, dealers, & liabilit

I'm not sure if this is the type of car that made the news over a year ago, but if it is, I think (not at all sure) they mentioned that the weight of other keys, etc. on the keychain played a part in moving the ignition switch to the acc position. I wouldn't want to put my life on someone's vague re...
by ripete
Wed Dec 31, 2014 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 86
Views: 12062

Re: Rather macabre but necessary question

Not macabre at all. Simply realistic. If you have 2.0 million in the bank (including sale of your house and possible taxes paid), simply figure out how much things will cost! Where will you live? Will you give up an address altogether and become a peripatetic individual? The rest of the world is far...
by ripete
Tue Dec 30, 2014 5:25 pm
Forum: Personal Consumer Issues
Topic: What Car is Best?
Replies: 73
Views: 6928

Re: What Car is Best?

It's been a while since I owned a Camry. Very reliable, if a bit underpowered in that it doesn't have that giddyup when you need it. It'll take just a tad longer; it's ok, just know it's not a rocket. An Altima, on the other hand, is a rocket, so if you ever need emergency speed, it's there. I can't...
by ripete
Sat Dec 27, 2014 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Life Insurance?
Replies: 61
Views: 4755

Re: Should I Cancel My Life Insurance?

I would keep it! The expression I learned from a graybeard, when I was a newbie, was 'peanuts for peanut butter'. Simply put, $870 per year is peanuts to insure a smooth transition for the rest of your family should the worst occur. It won't affect you, but it'll affect everyone you love. 58 and hea...
by ripete
Fri Dec 26, 2014 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: I cannot make the jump and retire
Replies: 97
Views: 16146

Re: I cannot make the jump and retire

Wow. Lots and lots of opinions voiced here and lots and lots of sage advice. Read a lot of them but couldn't read even a third of them, so of course, I may be rephrasing and repeating what's already been said. I happen to work with a couple of OB/GYN's who are in their mid 50's and are looking forwa...
by ripete
Sun Dec 21, 2014 7:23 pm
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 10124

Re: How do you define "being rich"?

It really depends. What your mother told you is really true: if you have your health, you have everything. If you haven't got your health, all the money in the world really means very little. If you have friends and a caring family, if you have fond memories, if you have a resolute will to succeed i...
by ripete
Fri Dec 05, 2014 9:43 pm
Forum: Personal Consumer Issues
Topic: Buying a kids first car -- considerations?
Replies: 25
Views: 2752

Re: Buying a kids first car -- considerations?

Not weighing in here at all about the financial aspect of the car, just the car itself. I am in total agreement that 'bigger is better'. Yes, today's cars have incredible airbags, etc. etc., but there's a simple law of physics: mv(1)=mv(2). In English, the product of the mass times the velocity of 1...
by ripete
Sun Nov 30, 2014 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 12176

Re: Life changing decision... advice needed!

Just a follow up point I neglected to mention. From a financial point of view, 'doc in the box' urgent care centers are springing up all over the place with board certified ER docs manning them, who are on salary to the parent company that franchises the urgent care center. So, you may be severely f...
by ripete
Sun Nov 30, 2014 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 12176

Re: Life changing decision... advice needed!

Forgive me, I haven't read the other replies, so I may be repeating. #1 what's your social situation? do you have a spouse, children, etc? 55k per year simply won't cut it, unless your spouse is earning the extra 250K difference, or at least some reasonable fraction of it thereof. #2 ok, you love th...
by ripete
Thu Nov 27, 2014 5:56 pm
Forum: Personal Consumer Issues
Topic: Honor Societies (any point?)
Replies: 35
Views: 2416

Re: Honor Societies (any point?)

Over the years, I've received an acknowledgement from an organization that publishes such things, that I am to be included in the Best (professional) Listings. Of course, they're more than happy to include your name, etc. in a beautful book, which they they want you to buy. So basically, we have som...
by ripete
Sun Nov 09, 2014 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 116
Views: 14804

Re: Career Advice for an Unhappy Young Doctor?

Friend of mine was a cardiologist. Gave it up and went to work for one of the major health insurance companies. Never looked back. Has all kinds of perks, excellent salary, etc. etc. It's working for the 'other' side. You're using your expertise to see if something should be allowed or not allowed. ...
by ripete
Sat Nov 08, 2014 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Brother involved with golddigger
Replies: 37
Views: 9010

Re: Brother involved with golddigger

Wow. Many, many interesting responses here, and so much wisdom in them. Sadly, in affairs of the heart, the one who's closest usually wins. So, for all the logical things that could or might or should be done, it may simply be gut wrenching time as your kin goes down this path which you view as fill...
by ripete
Sun Nov 02, 2014 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Where to with Cash?
Replies: 34
Views: 3111

Re: Where to with Cash?

I have to laugh. Many years ago, when I first started working in my chosen profession, I had the honor of working with a man who had emigrated from Canada. He'd lived on a farm, and in fact, had a working farm in upstate NY, in addition to his professional endeavors. One day, I had a question, and h...
by ripete
Sat Oct 04, 2014 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: How can I stop feeling depressed about my finances?
Replies: 130
Views: 16350

Re: How can I stop feeling depressed about my finances?

I'm just going to repeat what others have said, because I feel the more you hear it, the more you might believe it to be true. 1)Don't be envious of those with more. It can lead to a lot of negativity. Rather, think of where you've been, where you are now, and where you might hope to be. 2)Don't tak...
by ripete
Sat Oct 04, 2014 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Age 30, should I buy 30 year term?
Replies: 10
Views: 1046

Re: Age 30, should I buy 30 year term?

Well, I'm going to buck the trend here. You say you can buy $2,000,000 worth of life insurance, level term, for 30 years, for $118.00 per month. You say there's a probablity of marriage at some point in the future with children. You say one can never predict the future. I would jump all over this. Y...
by ripete
Thu Sep 25, 2014 7:00 pm
Forum: Personal Consumer Issues
Topic: Question about medicare, myself, and spouse
Replies: 9
Views: 891

Re: Question about medicare, myself, and spouse

OK, here are some details. 1) I will be working at least until 66 2) I currently pay 100% of my health care insurance premium 3) I live in NY 4) I am 99% certain that, upon ending work at 66, there will be no further insurance offered to me. We have an insurance broker who gets us a group rate, but ...
by ripete
Thu Sep 25, 2014 11:52 am
Forum: Personal Consumer Issues
Topic: Question about medicare, myself, and spouse
Replies: 9
Views: 891

Question about medicare, myself, and spouse

Could someone please explain the options that will become available when I reach Medicare age? My spouse is a little over 4 years younger than I am, which means she's not eligible for medicare for that period of time. Are you better off just keeping regular insurance for the two of you, or is it bet...
by ripete
Sat Sep 20, 2014 4:53 pm
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 104
Views: 9377

Re: The Roosevelts, PBS special

It was interesting to me how both TR and FDR had challenges similar to what we see today. We tend to think that we live in a new era...and yeah I guess it is. But history does seem to rhyme. My thoughts exactly, as I was watching. eerie how similar the times, choices, public opinions, politics, etc...
by ripete
Sat Sep 20, 2014 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 86
Views: 12062

Re: Rather macabre but necessary question

I can only tell you this. I worked with a fella who had quite a bit of money, was pretty conservative, and retired at 65. Shortly thereafter, he was diagnosed with colon cancer. He was very optimistic in the beginning, but he would tell us that 'golden years...b/s!". He said travel while you ca...
by ripete
Tue Aug 19, 2014 7:47 pm
Forum: Personal Consumer Issues
Topic: Buying a home with aluminum wiring?
Replies: 73
Views: 6250

Re: Buying a home with aluminum wiring?

Don't know if it's a code violation, but it's something that you should definitely have an electrician talk to you about before you purchase. If you've already laid down the deposit, then ask how much it would cost to bring up to specs. That was the standard at the time.
by ripete
Sat Jul 05, 2014 8:14 am
Forum: Personal Finance (Not Investing)
Topic: I Hit My Number Today!
Replies: 31
Views: 3501

Re: I Hit My Number Today!

Thank you, Homer!
by ripete
Fri Jul 04, 2014 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: I Hit My Number Today!
Replies: 31
Views: 3501

Re: I Hit My Number Today!

I have to admit, I'm fascinated by the term of 'hitting one's number'. It seems oddly reminiscent of playing the casinos at Vegas more than having attained a lifetime's goal. That being said, this has also been termed 'critical mass', if I am correct, by Bob Brinker (Bob Brinker Markettimer). Ionly ...
by ripete
Sat Jun 28, 2014 7:45 pm
Forum: Investing - Theory, News & General
Topic: Suggestions for teaching new MDs about finance?
Replies: 39
Views: 2886

Re: Suggestions for teaching new MDs about finance?

I don't recall the title, but I read a book by Jane Bryant Quinn decades ago. I used it as a template for making financial decisions. Also, I was fortunate to come into contact with three different modes of investing in my first job. One was in favor of Vanguard, a second was in favor of zero coupon...
by ripete
Mon Jun 23, 2014 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is Medical School Worth it Financially?
Replies: 66
Views: 5772

Re: Is Medical School Worth it Financially?

I have not read all the posts. Far from it, I read about two. However, one of those posts hit the nail on the head. Not everything in the world is measured in money. There are all kinds of things, like job satisfaction, interpersonal relationships, a sense of helping out, etc. etc. A friend of mine ...
by ripete
Mon Jun 16, 2014 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Made the $5 million club, but...
Replies: 43
Views: 7869

Re: Made the $5 million club, but...

Firstly, congratulations upon reaching that milestone at what really is a young age. Now, a small word from me. Take it or leave it. It's just a thought, really. You mention how you like watching your net worth continue to grow. Well, that's natural enough, as we all tend to think that more, bigger,...
by ripete
Sun Jun 08, 2014 8:25 am
Forum: Personal Consumer Issues
Topic: How to deny having a stroke?
Replies: 13
Views: 1875

Re: How to deny having a stroke?

The fact that you live in these United States and are privvy to an excellent health care system should not be a benefit that you ignore. Minimizing things is all too common in human nature. We all do it. We all deny. To have been diagnosed, as opposed to unknowlingly walking around with it, is truly...
by ripete
Tue May 13, 2014 4:37 pm
Forum: Investing - Theory, News & General
Topic: Stock Market to Plunge? What a friend said.
Replies: 78
Views: 6311

Re: Stock Market to Plunge? What a friend said.

This thread reminds me of a small encounter I had at the bank in September of 2008. I was going to one of the multiple ATM's at the bank, when a lady, for no apparent reason, decided to take me into her confidence. "I'm getting my money out of my investments," she exclaimed. This came duri...
by ripete
Wed Apr 30, 2014 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to pay off student loans?
Replies: 33
Views: 5596

Re: HELOC to pay off student loans?

In answer to your question about going 'sour', I'm referring to taking the money and investing it in the stock market instead of using it to pay down debt. Some people will tell you to take out 75,000 HELOC (for example), pay back 50,000 of your student loan (made up the numbers) and use the differe...
by ripete
Mon Apr 28, 2014 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to pay off student loans?
Replies: 33
Views: 5596

Re: HELOC to pay off student loans?

Regarding the point made about using the HELOC money to invest (presumably earning a higher return than the % interest of the HELOC), I have only one thing to say: DON'T DO IT! It is gambling, pure and simple, with money that really isn't yours in the first place. You are hoping that everything will...
by ripete
Mon Apr 28, 2014 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: I'm having a baby! College savings questions
Replies: 14
Views: 3779

Re: I'm having a baby! College savings questions

It's like anything else. It'll be a life milestone. But you don't have to panic now. Really. Think of it this way: if you didn't have enough for a home downpayment, do you think you'd be on the street? No! You'd rent. You'd figure something out until you were financially able to do that thing. And y...
by ripete
Sat Apr 19, 2014 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Presentation for Retiring Physicians
Replies: 5
Views: 835

Re: Presentation for Retiring Physicians

I think you would want to lay out some of the following: 1) estate plans (if not already done), to include options of trusts (both revocable and irrevocable, the advantages and disadvantages of each) 2) current and future allocation of assets, readjustments or lack thereof for the newly and soon to ...
by ripete
Tue Apr 15, 2014 3:53 pm
Forum: Personal Consumer Issues
Topic: All-inclusive resort vacation for $2K??
Replies: 19
Views: 2752

Re: All-inclusive resort vacation for $2K??

We love Cancun area. We usually book via cheapcaribbean.com Very reasonable. Soup to nuts. Stayed last time Valentin Imperial Maya 5 nights airfare all inclusive approx 3400 (even less if you don't want to insure yourself with trip cancellation for 'any reason') Also, May is trending toward lower fa...
by ripete
Sun Apr 06, 2014 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits question
Replies: 8
Views: 526

Re: Social Security benefits question

Once again, the knowledge base displayed on these boards is staggering.
by ripete
Sun Apr 06, 2014 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits question
Replies: 8
Views: 526

Re: Social Security benefits question

Thank you so very much for explaining this to me. Much appreciated. What, though, are 'bend points' and could you possibly explain why those zeroes could be advantageous?
by ripete
Sun Apr 06, 2014 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits question
Replies: 8
Views: 526

Social Security benefits question

I read today that Social Security uses a 35 year period of your highest working income to determine what your benefits will be. Two part question: If you work less than 35 years, do they only consider the number of years you worked, i.e. 28 years, OR do they add in 7 years at zero dollars per year t...

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