Search found 269 matches

by tphp99
Thu Jul 09, 2015 8:48 pm
Forum: Personal Consumer Issues
Topic: Convince me not to buy Porsche
Replies: 180
Views: 14751

Re: Convince me not to buy Porsche

DD the nice one, track the rat. This is great advice. You'll hate not driving your sports car everyday. The Cayman is a great choice, maybe swing for the GT4. Although, DD a two seater can get old real fast. Check out the Audi RS 5, another great naturally aspirated engine. Wait for the Ford Mustan...
by tphp99
Tue Jun 09, 2015 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Wife's car is having issues and under water :-/
Replies: 98
Views: 10872

Re: Wife's car is having issues and under water :-/

It might not be a big repair.

http://www.vwpartsvortex.com/vw-jetta-burning-oil/

How much oil is that car "leaking" per week? Try to figure out what might be wrong before taking it to the mechanic.

Good luck
by tphp99
Wed May 20, 2015 4:41 pm
Forum: Personal Consumer Issues
Topic: Questioning a Dentist?
Replies: 43
Views: 4152

Re: Questioning a Dentist?

Few years back, I had a serious case of tennis elbow. Two otho docs rec surgery right off the bat. The third doc told me to slow down at work and do occ therapy. Been pain free for a while without the surgery. Not to say I don't trust the first two docs, but I was sure glad I found the third guy. I ...
by tphp99
Wed May 20, 2015 5:20 am
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 256
Views: 35297

Re: much ado about coasting (through life)

This is a well worn story, but I think very appropriate here: An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented the Mexican on the qual...
by tphp99
Sat May 09, 2015 5:14 am
Forum: Investing - Theory, News & General
Topic: Stop contributions to retirement accts due to future RMDs
Replies: 77
Views: 5987

Re: Stop contributions to retirement accts due to future RMDs

PoeticalDeportment wrote:Back of the envelope...

So - yes, someone with $4-6 million in pretax savings might have a tax problem with RMDs.



What does that mean?
by tphp99
Thu Apr 23, 2015 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and splitting expenses
Replies: 112
Views: 8500

Re: Marriage and splitting expenses

We have a rule that solves the splitting expenses issues: "What is mine is hers and what is hers is hers." Love that. My wife likes to pay with cash, I hate standing in line to pay for anything and never carry cash. So... she pays for everything whenever we go out. And she gives the kids ...
by tphp99
Thu Apr 23, 2015 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and splitting expenses
Replies: 112
Views: 8500

Re: Marriage and splitting expenses

Sorry, don't have any helpful hints. We've always combined.

But anticipating some new perspective as some of our friends do this (long term) and we've always been curious to see how that works. Been too scared to ask them money questions.
by tphp99
Thu Apr 23, 2015 4:16 am
Forum: Personal Consumer Issues
Topic: [What is safest vehicle on the road today that I can buy?]
Replies: 114
Views: 8908

Re: [What is safest vehicle on the road today that I can buy

Not sure about anyone else but I drive differently in different cars. In my sports car, I drive ultra conservatively in traffic as I feel very vulnerable. Consequently, I daily drive my full size truck. I don't feel safe in it either (not much in safety add-ons, risk of rolling over, terrible stoppi...
by tphp99
Sun Apr 19, 2015 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6582

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

I'm employed as a W2 with my current job as a doc. In the employment contract I signed it says I can't work for another company as a doc while I'm employed with them. I'm wondering, how enforceable is this? Can they fire me if I choose to pursue a side gig? I was offered a contract with a "no ...
by tphp99
Sun Apr 19, 2015 6:03 pm
Forum: Personal Consumer Issues
Topic: “Entry level” luxury cars under 40k
Replies: 99
Views: 10871

Re: “Entry level” luxury cars under 40k

Paying interest on a depreciating asset is a double no no.

Pay cash.
by tphp99
Sun Apr 19, 2015 6:45 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 16344

Re: Bernstein: "If you've won the game, stop playing."

I see winning the game as: you are so far ahead that you rest your starters and play your bench. Unlike in a game (say...basketball when you're 40 points ahead in the fourth), where you can surely plug in your starters if you see the game getting close again, can you go back to work in your retireme...
by tphp99
Sun Apr 19, 2015 6:20 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 16344

Re: Bernstein: "If you've won the game, stop playing."

I won the game a few years ago when I became financially independent. Now have my assets mostly in CDs or munis. Retiring this summer, therefore will stop playing "the game" and enjoy life Congrats and enjoy your "victory". Curious, what % inflation did you guess-timate moving f...
by tphp99
Sat Apr 18, 2015 7:49 pm
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 16344

Re: Bernstein: "If you've won the game, stop playing."

If you've won the game... by definition it's over.

How can you keep playing?
by tphp99
Sun Apr 12, 2015 6:11 am
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 17682

Re: The $1 Million Goal: Source of Motivation or Discouragem

$1M is just a number. Yes, it can be a double-edged sword. But is it out of touch? Perhaps it's only inappropriate for most. More importantly though, I feel the problem is the lack of a goal altogether. Saving $1M on the "average" salary is tough, so forget $1M, set a different number. But...
by tphp99
Sat Mar 21, 2015 6:15 am
Forum: Personal Consumer Issues
Topic: Whats a good Pistol to buy?
Replies: 112
Views: 10318

Re: Whats a good Pistol to buy?

Learn how to fire while under stress or duress. How does one learn this? Training and competitions. It's not the kind of thing a normal range will let you practice. Most don't even like you to draw from a holster . But you can take training focused on real life situations. You can also compete in p...
by tphp99
Tue Mar 17, 2015 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Got a promotion, but still need to discuss salary
Replies: 9
Views: 1417

Re: Got a promotion, but still need to discuss salary

What if they offer you way less than 20%? Would you decline the offer?
by tphp99
Sat Feb 21, 2015 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Should I Quit My Job
Replies: 46
Views: 7269

Re: Should I Quit My Job

Are you coming in as an enlisted member or will you be commissioned?

Don't enlist. Life in the military is WAY better as an officer.

Good luck with you decision.
by tphp99
Sat Jan 24, 2015 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth
Replies: 1
Views: 300

Backdoor Roth

I'm trying to get this info from the IRS publications, but have not been able to find it. "From a tax standpoint, this strategy works best if you don't have other traditional IRA assets, because otherwise part of the conversion would be subject to income tax." Vanguard, December 17, 2014 C...
by tphp99
Thu Jan 15, 2015 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1496

Re: Disability Insurance

I am talking with Guardian now for a new or additional policy. What's the highest benefits amount will I get if I truly am completely disable? I thought it was $15K per month.

Is there a formula to calculate the $10K, $15K or $17K?
by tphp99
Wed Jan 14, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1496

Re: Disability Insurance

This policy is with Principal, the group policy is junk - have not even looked at it to be honest. I'll keep the Principal policy but will add one that has a true occupation. You live and learn I guess. My CFP explained it like it was true occ and now I can see that it's not. Thanks for all the info.
by tphp99
Wed Jan 14, 2015 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1496

Re: Disability Insurance

Thanks for the responses. Yeah, I now realize my policy is garbage. My agent (former CFP guy) dropped the ball on this policy. I specifically told him that I wanted a policy that will pay ($15K per month) if I can't perform the one surgical procedure that I specialize in. I guess I can get a differe...
by tphp99
Tue Jan 13, 2015 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1496

Disability Insurance

My neighbor got sick and might have to stop working, he's only 43. So naturally, I reviewed my own policy and actually don't understand it. My individual DI policy says: Total Disability means solely due to Injury or Sickness: 1. During the first 12 months of Your Occupation Period: You are unable t...
by tphp99
Tue Jan 13, 2015 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 8317

Re: Poll - How much is enough / what's your number?

pacodelostigres wrote:Just over $2MM in 2014 dollars to retire in around 10 years in my late 40's. It would be a lot more than that to retire any sooner. If I wait to retire until full SS age, I only need about a quarter of that.


What is your initial withdraw rate?
by tphp99
Wed Jan 07, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to buy a home?
Replies: 48
Views: 4467

Re: Can we afford to buy a home?

What is your current rent vs the potential $1,300 mortgage? We have never bought a house with less than 20% down. We always plan on paying it off in less than 5 years. Owning a home drives up living expenses. Make sure to account for maintenance, even with new constructions. But if the Mrs wants it,...
by tphp99
Tue Jan 06, 2015 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 7327

Re: Cancel Homeowner's Insurance?

I'm also in FL and your rates seem very high.

My umbrella requires $300K liability on all properties.

While you might recover from losing the house, can you recover from a lawsuit?

No health insurance also?

Wow, you're brave.
by tphp99
Tue Jan 06, 2015 12:42 pm
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 7271

Re: Accepting counter-offer to stay at job

Don't consider the counter offer. Could you come back in a few years though if the new gig didn't work out?

You said you could retire early if the money was right. How far away from retirement?

Good luck.
by tphp99
Sat Dec 13, 2014 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: physician retirement plan. should I consider this?
Replies: 16
Views: 2310

Re: physician retirement plan. should I consider this?

It's like a unicorn. These "plans" to save/delay taxes are so elusive. More likely they end up costing a you a bunch of money. What if your tax rate in retirement end up being higher than they are now? I've finally given up looking and accepted that I'm going to pay a large amount of taxes...
by tphp99
Mon Nov 17, 2014 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: "Downgrading" to a Porsche
Replies: 39
Views: 6896

Re: "Downgrading" to a Porsche

Oh, you're title made me think you had a Ferrari. :oops:
by tphp99
Mon Nov 17, 2014 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: "Downgrading" to a Porsche
Replies: 39
Views: 6896

Re: "Downgrading" to a Porsche

I'm going to assume you are looking for a convertible that will handle better than the BMW 3. While the Boxster will do the trick, maintaining a Porsche is costly. Your alternatives: S2000, Lotus Elise, Corvette, Mustang. Though the last two may not handle better than the Porsche. Oh, if you can tur...
by tphp99
Thu Nov 13, 2014 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 54043

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

Got an education. Started a business. Made good money. Spent a bunch of money. Decided to save like mad. Got to $3M by mid 40s. With what seems like enough, we've decided to accumulate a bit more. Maybe $10M might be the mark. Make hay when it's sunny? Luck has to be on your side. Eating fish heads ...
by tphp99
Thu Oct 30, 2014 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 10365

Re: fleeced by an adviser, is there a recourse?

We have nutrition labels on every food package sold in the U.S. Victoria Yet we have the worst obesity problem in the world. I doubt regulation will cure this problem. The answer is education. We/Bogleheads forget how much effort was spent to "learn" the simplicity of indexing. The majori...
by tphp99
Wed Oct 29, 2014 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 8228

Re: Do you dream about retirement?

I am about 4 to 5 years to reach my financial independence. I am obsessed with retirement calculators these days and run one or two of them almost daily, just to calm me down. I am day-dreaming about my retirement life. One thing bothering me most is to determine if I should spend or save more mone...
by tphp99
Thu Oct 23, 2014 8:17 am
Forum: Investing - Theory, News & General
Topic: Bogle and dry powder
Replies: 29
Views: 5383

Re: Bogle and dry powder

I didn't know Dr. Bogle coined the term dry powder. To me, the term meant keeping a cash reserve to invest when you see an opportunity. But that's market timing, no?
by tphp99
Mon Oct 20, 2014 9:48 am
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 13663

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

mid 40s in medicine. "ive had it" occurs maybe every 3-4 months. But when it does, it lasts for about 2-3 weeks before I can shake the feeling off. Had one of those days last week. Still can't shake it. On other hand, how often is it 'i love this job'? never. will go another 10 yrs and ge...
by tphp99
Thu Oct 09, 2014 5:07 am
Forum: Investing - Theory, News & General
Topic: I'm Chuck and I work at Vanguard and Invest in Active Funds
Replies: 44
Views: 9051

Re: I'm Chuck and I work at Vanguard and Invest in Active Fu

Companies need to grow. Current management seeks to grow the business organically. They are not starting a hedge fund here.

Not everyone can be convinced to index.
by tphp99
Mon Oct 06, 2014 9:19 am
Forum: Personal Consumer Issues
Topic: Should I buy a condo on the GROUND FLOOR?
Replies: 50
Views: 6273

Re: Should I buy a condo on the GROUND FLOOR?

Thanks, all, for sharing your experiences or offering some advice. I normally prefer a top-floor corner unit for privacy and security reasons, but this ground-floor unit is in a very good area I otherwise can't afford, so I am considering it, but all these negative points give me a pause. Check HOA...
by tphp99
Sat Oct 04, 2014 11:04 am
Forum: Investing - Theory, News & General
Topic: What will you do during the next crash?
Replies: 63
Views: 5139

Re: What will you do during the next crash?

I didn't rebalance much during the last crash... I found it VERY hard to sell bonds and buy stocks... It was very easy to put all new money 100% into stocks, but I didn't want to sell our safety net bond funds. I agree. Money goes into buckets for me. The bond money, I don't want /can't afford to l...
by tphp99
Thu Oct 02, 2014 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Hard Money Lending, flipping houses 12% return Lets hear it
Replies: 56
Views: 3993

Re: Hard Money Lending, flipping houses 12% return Lets hear

You can't get 12% passive. Active, well that's a job.

My neighbor does this. He has a 4 man crew to do rehabs on houses that he purchases (cash) - but he spends 30-40 hrs per week doing this stuff. He has to also rent out units that he can't move quick enough. It's a business for him.
by tphp99
Tue Sep 30, 2014 12:49 pm
Forum: Investing - Theory, News & General
Topic: "How Retirement Fees Cost You"
Replies: 28
Views: 3242

Re: "How Retirement Fees Cost You"

more than happy to pay him 2% to wad through this. Don't feel bad, I felt the same way for a while. At some point, I realized the measly 2% was actually quite a bit - do some simple math: are you willing to pay $5K per year? What about $30K. I remember going on a cruise with my wife and I had one o...
by tphp99
Thu Sep 25, 2014 11:05 am
Forum: Investing - Theory, News & General
Topic: It's pretty freaky watching your stocks go up & down all day
Replies: 60
Views: 6518

Re: It's pretty freaky watching your stocks go up & down all

I am salivating today. I like to look when the market is losing money because it means there may be some actions to take. When the market is going up or sideways, there is really very little to do. I guess I can ask this question: Is it more painful to buy when the market is going up or when the ma...
by tphp99
Wed Sep 24, 2014 8:56 am
Forum: Investing - Theory, News & General
Topic: Could one theoretically be 100% stocks your whole life?
Replies: 43
Views: 2962

Re: Could one theoretically be 100% stocks your whole life?

Posters on this forum are very advanced when it comes to investing. But do you realize the average person has no clue what asset allocation mean? At 42, I was 100% stocks due entirely to ignorance. My brother will not put any money into bonds, my buddy said to me last week "I'm too young to be ...
by tphp99
Fri Sep 19, 2014 10:25 am
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 897

Re: College Funds

If you are going to retire in your 40's and only withdraw 2.5% annually at that time, you will have plenty of assets to pay for any of your children's education without any problems. I just don't think it is something to worry about. I have to keep telling myself this: "2.5% is very safe alrea...
by tphp99
Fri Sep 19, 2014 10:22 am
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 897

Re: College Funds

What if the kid starts school, goes 2 years, drops out, goes vagabonding, decides to go back to school, travels some more, and back to school, and ….? :) Well, I do have a plan for that :oops: I hear what you're saying, but with my OCD...ha ha. I'm glad I don't work in engineering anymore, because ...
by tphp99
Fri Sep 19, 2014 8:56 am
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 897

Re: College Funds

livesoft, This is why I want to get a good estimate. I want to retire soon, and want to know how much I should set aside for them. This money will be independent of my income at the time they go to college. FreemanB, I think our goals are not too different. I figure the 529 should cover undergrad. M...
by tphp99
Fri Sep 19, 2014 8:03 am
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 897

College Funds

We are trying to figure out how much to earmark for our children's education. We would be willing to foot the entire bill for both kids, ages 12 and 4. Ideally, we would like them to go to a state college for undergrad, and finish (hopefully) an advanced degree. The advanced degree is where we are h...
by tphp99
Wed Sep 17, 2014 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 10982

Re: Any success stories of ppl who never made >$50,000?

Abe wrote:I wouldn't call it a success story, but the most I ever made was around 65k per year, and I have a multi million dollar networth. Now my investments produce way more than I ever made.


How long did this take you to accomplish? I would definitely consider it a success story. :sharebeer
by tphp99
Tue Sep 16, 2014 9:52 am
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 7090

Re: Why do so many think their home is a foolproof investmen

I agree with MathWizard on this. For some people the best investment they can make is to get the highest mortgage they can afford because the only thing they will ever have is the equity in their home. How sad but true. I see my staff stretched to make payments on the home - but any extra money (bo...
by tphp99
Tue Sep 16, 2014 9:46 am
Forum: Investing - Theory, News & General
Topic: Share your Hot-Rod Portfolio
Replies: 55
Views: 4780

Re: Share your Hot-Rod Portfolio

Hot-Rods:
'71 RS Camaro
'11 Lotus Elise
'12 Boss 302
'13 Carrera 4s


Oh wait investments...yeah, well - that's more like a tricycle - pretty boring:

Total US, Total World, Total Bonds

Isn't that the point?
by tphp99
Mon Sep 15, 2014 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help with a large business decision [capital expenditure]
Replies: 36
Views: 1560

Re: Help with a large business decision

Are you sure you would have twice the amount of work to fully utilize the capital outlay? If so, then it's a great purchase. The ROI would be really good as long as you can accurately forecast future production.

Good luck.

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