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Re: Retirement Portfolio Proposal

Maybe read; "Reducing the Risk of Black Swans: Using the Science of Investing to Capture Returns With Less Volatility" by Larry Swedroe for ideas about asset allocation. Read Wade Pfau's comments on rising equity glide path in Retirement. Consider any part time work to allow deductions for...
by zzcooper123
Wed Jul 23, 2014 7:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Proposal
Replies: 19
Views: 1452

Re: Taxable Accounts - Am I thinking about this the right wa

Gee, they are almost paying you to retire...
by zzcooper123
Tue Jul 22, 2014 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxable Accounts - Am I thinking about this the right way?
Replies: 29
Views: 2197

Re: Can I retire early?

Retire ASAP. If you can find some Independent Contractor work for some cash you can deduct HSA's, solo 401ks,TIRA's, business expenses, auto expenses, CME (overseas conferences?), HDHP's and zero out your income. This will allow you to take out maximum capital gains every year to stay in the 15% bra...
by zzcooper123
Sun Jul 20, 2014 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 28
Views: 3827

Re: Minimizing Capital Gain Tax

I believe that your daughter will pay Cap Gains taxes at your top rate, which is likely 15% or more. So even if you gift the shares to your daughter and you have $1 over the 15% bracket, she will pay CG at your rate on the entire amount.
by zzcooper123
Wed Jul 16, 2014 7:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Minimizing Capital Gain Tax
Replies: 10
Views: 1137

Re: Karen, single, 61, $2 million.

If she had very large unrealized Cap Gains in a taxable account, would she be better off not Roth converting to the top of the 15% bracket? The i-orp calculator seems to always Roth convert something.
by zzcooper123
Fri Jul 11, 2014 1:25 pm
 
Forum: Investing - Theory, News & General
Topic: Karen, single, 61, $2 million.
Replies: 35
Views: 3688

Re: investing/personal finance as competitive sport

Livesoft...you will let the rest of us know about those beneficial IRS rules you uncover, won't you?
by zzcooper123
Tue Jul 01, 2014 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: investing/personal finance as competitive sport
Replies: 17
Views: 1407

Re: Tilt Question

Larry Swedroe's latest book would suggest pairing a SV/ISV tilt with LOW beta. It would appear staying away from Total Market funds is suggested. At least that is what I got from the book.
by zzcooper123
Sat Jun 07, 2014 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tilt Question
Replies: 16
Views: 1016

Re: Tax free living via Capital gains/dividends?

The way the tax brackets are structured it seems like they are almost paying you to retire. After a lifetime of contributions there seems to be little benefit in "topping off" Social Security.
Maybe I should get out of the way and let someone hungrier and needier take my place .
by zzcooper123
Sat May 31, 2014 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax free living via Capital gains/dividends?
Replies: 20
Views: 1397

Re: Tax free living via Capital gains/dividends?

How about this? Start a small business...deducting relevant travel, computers, home office etc. and pay no Payroll tax. Whatever is left contribute to solo401k to zero out earned AGI. The self-employed can deduct HSA from gross income to age 65 and Health Insurance premiums from earned income. A lot...
by zzcooper123
Sat May 31, 2014 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax free living via Capital gains/dividends?
Replies: 20
Views: 1397

Re: It's Time to Scrape Some Cream Off the Top

I will be moving rapidly to a 30/70 mix over the next 12-24 months. I subscribe to Pfau's Rising Equity Glidepath in early retirement.This will mean moving from Stocks to High Quality Bond funds in my IRAs. Then I will start taking maximum Cap Gains (lowest basis) in my taxable account to stay in th...
by zzcooper123
Sat May 17, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: It's Time to Scrape Some Cream Off the Top
Replies: 7
Views: 1283

Re: paydown strategy for mortgage

Why anyone would want to pay off a low rate, long term Mortgage escapes me. Are all your other housing expenses going to evaporate, too ?

If corporations didn't maximize their debt-to-equity ratio; the CEO would be fired.
by zzcooper123
Sun Apr 20, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: paydown strategy for mortgage
Replies: 40
Views: 3835

Re: Hit your #, Still want to work, does your savings % chan

Save a year of basic expenses in a taxable account.
Then go on sabbatical for a year to figure out what you want to be when you grow up.
Do it.
by zzcooper123
Sun Apr 20, 2014 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 47
Views: 5264

Re: Presentation for Retiring Physicians

No, whitecoatinvestor is geared more toward younger physicians in the acquisition stage.
by zzcooper123
Sat Apr 19, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Presentation for Retiring Physicians
Replies: 5
Views: 784

Presentation for Retiring Physicians

I am thinking of putting together a presentation/lecture for retiring physicians.

Older physicians appear to be well represented in this forum.

Must-have topics? Ideas?

What unique concerns for physicians? Is this too narrow a topic?
by zzcooper123
Sat Apr 19, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Presentation for Retiring Physicians
Replies: 5
Views: 784

Costa Rica?

Anyone been to Costa Rica?

Anyone been to Puerto Vallarta ?
by zzcooper123
Sat Apr 12, 2014 7:39 pm
 
Forum: Personal Consumer Issues
Topic: Costa Rica?
Replies: 14
Views: 1511

Re: Transmission rebuilt ($2k) or buy a new car? [Honda Civi

Check for "Goodwill" rebates especially if you are a frequent Honda buyer. I got half off a transmission overall on my 2003 Accord. I would have sold the car otherwise.
by zzcooper123
Fri Apr 04, 2014 7:16 am
 
Forum: Personal Consumer Issues
Topic: Transmission rebuilt ($2k) or buy a new car? [Honda Civic]
Replies: 23
Views: 1288

Re: How did you get through the market crash in 08-09

The whole melt-down seemed so stupid and unnecessary, that I really didn't pay attention until 2009. Guess I kept waiting for a rebound for so long it actually happened. Tried to throw all the cash I had into Stocks, but didn't have much to put in. Should have tax loss harvested more aggressively. B...
by zzcooper123
Mon Mar 10, 2014 7:00 pm
 
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 5855

Re: File FAFSA with 7 figure non-retirement portfolio?

I had the same EFC results from the FAFSA and stopped completing it after my daughter's freshman year. She continued to get her merit-based scholarship. I also had concerns about the laying out my entire financial situation onto a (possibly) unsecured site. I heard a story where a high earning neigh...
by zzcooper123
Sat Mar 08, 2014 1:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: File FAFSA with 7 figure non-retirement portfolio?
Replies: 22
Views: 2055

Re: Vacation - Hawaii, Mexico, other ideas?

Just back from Aruba. Excellent restaurants. Very friendly people.

What do people think of Puerto Vallarta?
by zzcooper123
Tue Feb 25, 2014 9:29 pm
 
Forum: Personal Consumer Issues
Topic: Vacation - Hawaii, Mexico, other ideas?
Replies: 54
Views: 3627

Re: $10+ M, age 49, seeking wisdom regarding retirement

Consider a Sabbatical. Read: Reboot Your Life: Energize Your Career and Life by Taking a Break by Catherine Allen
by zzcooper123
Wed Feb 05, 2014 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: $10+ M, age 49, seeking wisdom regarding retirement
Replies: 58
Views: 7782

Re: What is your tax loss harvest strategy?

I thought a RBD was for buying, not necessarily selling.
If I need the tax loss ( to snag the $3000 deduction), I would TLH near everything if low fees and late in the year.
by zzcooper123
Sun Feb 02, 2014 3:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your tax loss harvest strategy?
Replies: 13
Views: 1037

Re: What interest rate did you get on your car loan?

0.9% for 3 years, new Honda Accord, same as last time.
by zzcooper123
Sun Feb 02, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: What interest rate did you get on your car loan?
Replies: 71
Views: 4184

Re: Create LLC in which state if you're planning a move?

To my knowledge, a Delaware allows you to form one LLC and have multiple protected sub-entities under it. There might be other States doing it now.
by zzcooper123
Tue Jan 28, 2014 6:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Create LLC in which state if you're planning a move?
Replies: 23
Views: 1740

Re: best financial podcasts for bogleheads?

I think our own "livesoft" should put some of his retirement and TLH insight into a podcast.
by zzcooper123
Tue Jan 28, 2014 6:11 pm
 
Forum: Investing - Theory, News & General
Topic: best financial podcasts for bogleheads?
Replies: 10
Views: 1232

Re: Physician starting out, want to do it right

Try to find some sort of 1099 income. Even outside of medicine. Fully fund your 401k to exclusion of everything else. You must start immediately to have any chance of retiring ever. Don't be too quick to pay off your mortgage. Stay out of rental Real Estate for a while. Who pays the Tail? Negotiate ...
by zzcooper123
Sun Jan 26, 2014 9:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Physician starting out, want to do it right
Replies: 16
Views: 2050

Re: Retirement planning

A mix of taxable and tax-deferred accounts at retirement gives you multiple options. I continue to be surprised at the number of posters recommending mortgage pay-downs in lieu of funding long term taxable accounts. Index funds and municipal bonds could make these accounts very tax efficient. For a ...
by zzcooper123
Sun Jan 26, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement planning
Replies: 16
Views: 1994

Re: High Umbrella Limits - A waste

The laws in each State vary. Most people have their assets concentrated in IRAs/401ks which are protected by law. Home Equity can be protected by Homestead exemptions and contingency financing. Businesses can be protected with serial LLCs, factoring, cross collateralization. An Umbrella policy preve...
by zzcooper123
Sun Jan 26, 2014 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: High Umbrella Limits - A waste
Replies: 77
Views: 7717

Re: POLL: Pay down 3.5% mortgage or invest in taxable?

A fixed long term mortgage is one of the best inflation hedges you can buy.
by zzcooper123
Thu Jan 23, 2014 6:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Pay down 3.5% mortgage or invest in taxable?
Replies: 89
Views: 7633

Re: Dividend Stocks in 401k for Beta Protection

I think Larry Swedroe said: " a high dividend strategy is a poor Value strategy."

In addition, dividend payouts are handed back to you every year...maybe you don't want them.

Dividends sure make you feel good, tho.
by zzcooper123
Sat Jan 18, 2014 9:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Dividend Stocks in 401k for Beta Protection
Replies: 7
Views: 559

Re: High Earners - What's Your Profession?

Sorry...another physician
by zzcooper123
Sun Jan 12, 2014 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28304

Re: Good tax man?

Read any books by Sandy Botkin or June Walker.
by zzcooper123
Sat Jan 11, 2014 8:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Good tax man?
Replies: 42
Views: 2295

Re: Working One More Year "itis?"

I am in the same boat, so this conversation is especially timely for me.
The idea of full retirement is too daunting.
Offer to take a one year sabbatical.

Read: "Reboot Your Life: Energize Your Career and Life by Taking a Break"
by zzcooper123
Sat Jan 11, 2014 8:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Working One More Year "itis?"
Replies: 42
Views: 2841

Re: Looking for Actual Experiences with Umbrella Insurance

Just look at the cost per $1000 of coverage to see that Umbrella coverage is rarely used. The "price" is excellent. I get insurance to pool my risk against once-in-lifetime, catastrophic events. The practice of Law is the US is to grind down the other side with legal expenses. Both plainti...
by zzcooper123
Tue Jan 07, 2014 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking for Actual Experiences with Umbrella Insurance
Replies: 79
Views: 6865

Re: Advanced TLH

An additional wrinkle is to work just enough with 1099 income to zero out your income (not FICA) after contributing to HSAs, solo401k contributions, Health insurance, wages paid to children,legit business expenses, conferences in exotic locales etc. With a minimal AGI, you can still do all the thing...
by zzcooper123
Wed Jan 01, 2014 5:21 pm
 
Forum: Investing - Theory, News & General
Topic: Advanced TLH
Replies: 6
Views: 383

Re: College savings for a high-income household

Think outside the box. You will never qualify for financial aid and probably shouldn't even apply (the FAFSA form is very intrusive). Try: http://www.paulahogan.com/images/FE/chain259siteType8/site219/client/2005-July%20College%20Planning%20Smorgasbord%20JFP.pdf or: "Strategy and Simplicity&quo...
by zzcooper123
Wed Jan 01, 2014 9:14 am
 
Forum: Investing - Help with Personal Investments
Topic: College savings for a high-income household
Replies: 46
Views: 4642

Re: This Stock Market run makes me want to payoff mortgage

I consider my HELOC to be a negative bond. "Investing" in your mortgage by preparing is an asset allocation decision.
by zzcooper123
Sun Dec 22, 2013 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: This Stock Market run makes me want to payoff mortgage
Replies: 32
Views: 3392

Re: Investor Intelligence Bearish Sentiment Very Low

Rick Ferri had a post last year, I believe, saying that bullish or bearish sentiment had no correlation with market return, except at extremes, when it was a contrarian indicator.
by zzcooper123
Sat Nov 30, 2013 4:42 pm
 
Forum: Investing - Theory, News & General
Topic: Investor Intelligence Bearish Sentiment Very Low
Replies: 26
Views: 5272

Re: S-Corp Retirement Planning, SEPs, LLCs

A new physician must look at asset protection issues. Non-single member LLCs generally offer the best protection. S-corps require much more documentation to sustain.
Always max out your 401ks. Beyond that aggressively paying back your loans might net you more money.
by zzcooper123
Fri Nov 15, 2013 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: S-Corp Retirement Planning, SEPs, LLCs
Replies: 17
Views: 1659

Re: Gifting appreciated stock to pay college tuition

If the child pays half of his/her own support then the kiddie tax doesn't apply. The child's deduction is lost on your tax return. Own "support" would be roughly 1/2 of tuition and fees. Do the math. Might be worth it for large amounts. Do you own a business? Pay your kid a reasonable wage...
by zzcooper123
Sun Nov 10, 2013 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Gifting appreciated stock to pay college tuition
Replies: 30
Views: 1984

Re: Anybody pay for college 100% out of 529 plan assets?

Wagnerjb, did you pay Kiddie tax rates on your kid's LTCG?

I would love to do this also but the Kiddie tax reverts me to the highest CG rates.
by zzcooper123
Sun Nov 03, 2013 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anybody pay for college 100% out of 529 plan assets?
Replies: 28
Views: 2988

Re: 2013/2014 Honda accord - any better values?

I have a 2013 EX-L V6 Honda Accord. I got 38 MPH on a recent long distance trip with AC. Plenty of power...probably the 4 cylinder would have been enough. Very nice car tho. The 0.9% financing was great. Got additional $500 off as repeat customer from the dealer. Another $500 off for financing. Was ...
by zzcooper123
Tue Oct 29, 2013 7:14 pm
 
Forum: Personal Consumer Issues
Topic: 2013/2014 Honda accord - any better values?
Replies: 66
Views: 13957

Re: Finishing training and taking first job as Attending Phy

Consider putting your taxable in Limited Partnership or LLC. Makes it much easier to gift shares. There are virtually no unemployed physicians, consider a Small cap Value tilt since your income at some level is assured. Depending on your State taxes, a 529 plan might make sense. Forget about any Col...
by zzcooper123
Sun Oct 27, 2013 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finishing training and taking first job as Attending Physici
Replies: 25
Views: 2210

Re: When NOT to deduct business expenses, for solo 401K purp

Taxes paid are lost forever. Think in terms of wealth building. If you must, figure how much you saved in taxes by using all your deductions, and put this amount into a taxable account or pay down high interest debt.

Agree the amounts are small.
by zzcooper123
Sat Oct 26, 2013 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: When NOT to deduct business expenses, for solo 401K purposes
Replies: 8
Views: 894

Re: Aggressive Mortgage Paydown

How many Bogleheads incorporate their Mortgage into their asset allocation as a negative bond?
by zzcooper123
Sat Oct 19, 2013 9:03 pm
 
Forum: Personal Consumer Issues
Topic: Aggressive Mortgage Paydown
Replies: 38
Views: 4638

Smart Phone App for Tracking Business Deductions?

Any suggestions for cheap (or free) Android smartphone apps for tracking small business deductions.
by zzcooper123
Sat Oct 19, 2013 9:01 pm
 
Forum: Personal Consumer Issues
Topic: Smart Phone App for Tracking Business Deductions?
Replies: 2
Views: 153

Re: Creating more TAX-ADVANTAGED space for "HNW" TIPS...idea

How does a tax deferred account protect you from inflation? My biggest lifetime expense will be taxes hands down. The dollars in retirement funds decrease in value just as fast as in taxable.
by zzcooper123
Sun Oct 13, 2013 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Creating more tax-advantaged space for "HNW" TIPS...ideas..
Replies: 44
Views: 2890

Re: Aggressive Mortgage Paydown

High income earners need to protect Home equity from litigation. A long, fixed rate mortgage may be the best inflation protection you can buy. Check this out in Bernstein's new book on Deep Risk. You gotta live somewhere, a mortgage is essentially your rent payment. The payment is surely a small fra...
by zzcooper123
Sun Oct 13, 2013 10:05 am
 
Forum: Personal Consumer Issues
Topic: Aggressive Mortgage Paydown
Replies: 38
Views: 4638

Re: Why are so many physicians unhappy with their careers?

Physicians are taught early in their training that they are part of an elite corps. Most put up with painful, extended training to enter this elite group. Unemployment is essentially zero among physicians and they expect that from the beginning. They are trained to be "Captains of the Ship"...
by zzcooper123
Sun Oct 13, 2013 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Why are so many physicians unhappy with their careers?
Replies: 110
Views: 7301

Re: Creating more TAX-ADVANTAGED space for "HNW" TIPS...idea

Why the disdain for taxable accounts? Why is everyone using these esoteric accounts?
by zzcooper123
Sat Sep 28, 2013 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Creating more tax-advantaged space for "HNW" TIPS...ideas..
Replies: 44
Views: 2890
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