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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
Sat Mar 21, 2015 6:15 am
 
Forum: Personal Consumer Issues
Topic: Whats a good Pistol to buy?
Replies: 109
Views: 7791

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
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: 1303

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 Feb 21, 2015 6:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I Quit My Job
Replies: 46
Views: 6601

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
Sat Jan 24, 2015 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth
Replies: 1
Views: 286

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
Thu Jan 15, 2015 6:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1371

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 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1371

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
Wed Jan 14, 2015 8:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1371

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 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1371

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
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: 7881

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
Wed Jan 07, 2015 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford to buy a home?
Replies: 41
Views: 3402

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 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 6849

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
Tue Jan 06, 2015 12:42 pm
 
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 6768

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
Sat Dec 13, 2014 7:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: physician retirement plan. should I consider this?
Replies: 16
Views: 2264

Re: "Downgrading" to a Porsche

Oh, you're title made me think you had a Ferrari. :oops:
by tphp99
Mon Nov 17, 2014 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Downgrading" to a Porsche
Replies: 39
Views: 6712

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
Mon Nov 17, 2014 7:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Downgrading" to a Porsche
Replies: 39
Views: 6712

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 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: 51186

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
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: 9921

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
Wed Oct 29, 2014 8:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 7596

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
Thu Oct 23, 2014 8:17 am
 
Forum: Investing - Theory, News & General
Topic: Bogle and dry powder
Replies: 29
Views: 5201

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
Mon Oct 20, 2014 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 13034

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
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: 8924

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
Mon Oct 06, 2014 9:19 am
 
Forum: Personal Consumer Issues
Topic: Should I buy a condo on the GROUND FLOOR?
Replies: 50
Views: 5822

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
Sat Oct 04, 2014 11:04 am
 
Forum: Investing - Theory, News & General
Topic: What will you do during the next crash?
Replies: 63
Views: 4903

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
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: 3558

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
Tue Sep 30, 2014 12:49 pm
 
Forum: Investing - Theory, News & General
Topic: "How Retirement Fees Cost You"
Replies: 28
Views: 3026

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
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: 6214

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
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: 2870

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 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 825

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 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 825

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 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 825

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
Fri Sep 19, 2014 8:03 am
 
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 825

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
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: 10568

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 9:52 am
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6785

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
Tue Sep 16, 2014 9:46 am
 
Forum: Investing - Theory, News & General
Topic: Share your Hot-Rod Portfolio
Replies: 55
Views: 4486

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.
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: 1477

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

cashinstinct wrote:Because it's their only investment...


Well then in that case - yeah they have to think that.
by tphp99
Mon Sep 15, 2014 9:12 pm
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6785

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

Again, a (rental) house may be an investment, a home is not. You do not consider your car as an investment. Your meals are not an investment. This does not make sense. You can drive your car until it is worth nothing. Or you can drive your car for 5-7 years and get maybe 20-50% of your purchase pri...
by tphp99
Mon Sep 15, 2014 8:54 pm
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6785

Re: Experience with dealer finding the exact car you want?

( I have an elise). The porsche 911 sports a 7 gear manual. :) The Elise is gone but the Exige is back with a supercharged 3.5l - I think the old natural aspirated 1.8l was a better engine for that car. Check out the 991 Porsche Carrera PDK (make sure it has the sport chrono) - it might make you re...
by tphp99
Fri Sep 12, 2014 9:47 am
 
Forum: Personal Consumer Issues
Topic: Experience with dealer finding the exact car you want?
Replies: 26
Views: 1887

Re: Calculated Spending: Cars

A lot of people see their cars as toys; many others consider them as necessary tools that make daily lives safer and more productive. I belong to the latter group. Having scanned some recent posts, I have not seen ones that discuss about a sensible spending for those who definitely need replacement...
by tphp99
Wed Sep 10, 2014 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 3028

Re: Experience with dealer finding the exact car you want?

I am toying with buying a new car. The model I want is an automatic and the only ones within 100 or more miles all have manual shift. If I have the dealer find the one I like, would I have any wiggle room on the price? Just wondering what other people's experience has been.... Which car? +1 So rare...
by tphp99
Wed Sep 10, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Experience with dealer finding the exact car you want?
Replies: 26
Views: 1887

Re: Combo Plan [Retirement plan]

Freddie, That makes a lot of sense about waiting a few years - my guy kept saying that to me. Ubermax, My acct has a client who is in a similiar situation and said that the guy was able to contribute the $125K - but the consulting firm is running my census and we will sit down next week. Dhodson, I ...
by tphp99
Wed Sep 10, 2014 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1633

Re: Combo Plan [Retirement plan]

dhodson, Agreed, I avoided the 412i b/c of fees. freddie, Right, the taxes are deferred and hopefully paid at a lower rate in the future. How did it work out for you? Did you use a brokerage acct to invest this money? The cash from the combo plan can be rolled into an IRA when I shut it down, no? I'...
by tphp99
Wed Sep 10, 2014 5:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1633

Re: Combo Plan [Retirement plan]

Yes I have a 401K safe harbor plan in place, and am talking to someone about adding the cash acct. My understanding is limited, my accountant pointed me in this direction but he has not seen the details. dhodson, what's the difference between pre-tax vs tax deductible? The entire $125K would come of...
by tphp99
Tue Sep 09, 2014 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1633

Re: Combo Plan [Retirement plan]

Wizard, I'm in my 40's and have no idea what taxes will look like in retirement. My options are 1) continue with 401K ($38K/yr) or 2) add a cash balance plan (hence the name - combo plan) where I might be able to contribute up to $125K pre-tax into an account which I have total control (sort of like...
by tphp99
Sun Sep 07, 2014 5:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1633

Re: Combo Plan

OP, don't see how anyone can answer your questions until you organize your thoughts - what does combo plan have to do with the second part ??? Well... it sort of does. I have an opportunity to put away an additional $125K per year into a combo plan. But if my retirement tax rate is the same as it i...
by tphp99
Fri Sep 05, 2014 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1633

Re: Combo Plan

My taxable income in retirement is about the same as it was my last few working years presently, near the top of the 25% bracket. My last few working years, I was putting away the maximum in my tax-deferred 403(b) plan, along with paying into SS and those are gone now. Once I start RMDs and SS at a...
by tphp99
Fri Sep 05, 2014 9:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1633

Combo Plan [Retirement plan]

Anyone here familiar with a Combo Plan: a mix of defined contribution and defined benefits? Is putting away so much into a tax-advantage space a good idea in the first place? I know, I know - it depends. But I can't seem to calculate the differences saving money after-tax vs tax-advantage because I ...
by tphp99
Fri Sep 05, 2014 5:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1633

Re: Graduating Debt-Free, or with Elite College Degree?

How many of us here are doing exactly what we envisioned when we started undergrad? Not me, not my wife.

I vote for Debt-Free as that will afford opportunities to explore options after school. Better yet - Debt-Free with Elite College Degree.
by tphp99
Fri Sep 05, 2014 5:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Graduating Debt-Free, or with Elite College Degree?
Replies: 92
Views: 5397

Re: The Worst Investment You Can Make: Buying a Home

Rainier wrote:Pretty sure having kids is far worse. Who is going to write that article?


What?!?! My son is going to be golf pro and my daughter a tennis pro. They are my retirement plan.
by tphp99
Fri Aug 22, 2014 9:39 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 17284
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