Search found 1222 matches

by JDCarpenter
Mon May 22, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Galapagos Trip, Suggestions
Replies: 16
Views: 1182

Re: Galapagos Trip, Suggestions

Thanks for all of the tips so far! As for our diving experience, we have 20 dives under our belt right now. Hopefully we can get 5 or so more while in Galapagos. If you only have 20 dives I would not recommend diving in Galapgos - it really is for more advanced divers,at least any of the interestin...
by JDCarpenter
Mon May 22, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 31
Views: 3038

Re: Net worth is overrated

Yes, like most respondents, calculating net worth is valuable for my personal circumstances but not nearly as useful when comparing to others. I find it isn't too useful for one to compare their finances with others. Comparing to others doesn't result in much good. It often leads to misguided envy/...
by JDCarpenter
Mon May 22, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Index fund investor donates millions
Replies: 13
Views: 1713

Re: Index fund investor donates millions

... I agree - this line was particularly silly: Davis made his fortune by investing in funds in the Standard & Poor’s 500-stock index, He made his fortune by having a good paying job, maintaining a simple lifestyle and never supporting a wife and kids. Alternatively, he squandered his chance fo...
by JDCarpenter
Mon May 22, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: Mexican Pacific Beaches
Replies: 22
Views: 1392

Re: Mexican Pacific Beaches

I don't understand the hype with mexico and Caribbean islands There are sharks everywhere, how can you swim in ocean knowing that there can be shark attack any time Not sure if you are serious but, shark attacks are a very low probability and your fear is irrational when compared with the rest of y...
by JDCarpenter
Mon May 22, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: New Job - Retirement Options
Replies: 12
Views: 1290

Re: New Job - Retirement Options

... I believe I have two three choices: 1. Not participate in my new employer's 401k so it would just have the company contributions. I would then invest what I would normally contribute to a taxable account. We would continue fully funding both Roths. 2. Contribute to the new 401k to the same perc...
by JDCarpenter
Mon May 22, 2017 7:55 am
Forum: Investing - Help with Personal Investments
Topic: A Gem from Livesoft
Replies: 7
Views: 2666

Re: A Gem from Livesoft

Since the 60-40 AA is touted a lot i am curious as to why 60% stock is not on the table If you read the methodologies section on the linked page, it explains that 70/30 with treasuries as the 30% is the equivalent in ERN's analysis, to 60/40 with corporate bonds. The series is well worth reading an...
by JDCarpenter
Mon May 22, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Galapagos Trip, Suggestions
Replies: 16
Views: 1182

Re: Galapagos Trip, Suggestions

.... What are the "must do's" in Galapagos? I don't even know where to start. We like any type of active adventurous activities, or any unique sights. We're PADI Open Water Scuba Certified and definitely want to dive while there. What's the best diving? .... A Galapagos liveaboard dive bo...
by JDCarpenter
Fri May 19, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals...
Replies: 71
Views: 7783

Re: Question for you high net worth individuals...

100% R/E We are negative in R.E., but have only purchased our own primary residences. BUT, there is a big difference between a professional (like Sandtrap, from his other posts), and dabblers. Our landlords for the first 18 months when we moved to the present town are in mid-40s, both with R.E. lic...
by JDCarpenter
Thu May 18, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: Upcoming travel plans with electronics
Replies: 22
Views: 1539

Re: Upcoming travel plans with electronics

... Didn't see anything in the link about it being 'off the table.' There are already many electronic items in checked luggage now with batteries, so I doubt that would matter in the decision process. If it's a serious threat, I don't think it will be a major problem to check the items, given the m...
by JDCarpenter
Thu May 18, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: National Law Review on "Inconsistent Rulings" on 403b cases
Replies: 5
Views: 445

Re: National Law Review on "Inconsistent Rulings" on 403b cases

Right. But I don't see where Tibble was actually re-heard. That was my question. (And from what you've posted, it seems that it was bounced back to district court, not appellate?) So the SCOTUS decision to bounce it back based upon the finding that the previous decision based upon the statute of li...
by JDCarpenter
Thu May 18, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: National Law Review on "Inconsistent Rulings" on 403b cases
Replies: 5
Views: 445

Re: National Law Review on "Inconsistent Rulings" on 403b cases

... Has the one of the Schlichter cases, the one that got bounced back from the Supreme Court to the Appellate (I think - mostly a good thing for Schlichter) been heard again yet? RM Yes, the Edison Brothers case has been the subject of two CTA9 decisions post-SCOTUS. The latest is a December 2016 ...
by JDCarpenter
Thu May 18, 2017 7:40 am
Forum: Investing - Theory, News & General
Topic: National Law Review on "Inconsistent Rulings" on 403b cases
Replies: 5
Views: 445

Re: National Law Review on "Inconsistent Rulings" on 403b cases

If you are interested in more details on this, you might want to take a look at the results Schlichter has obtained in the 401k area as well... He's been successful at this for a long time.
by JDCarpenter
Wed May 17, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2319

Re: Rich Retirees Are Hoarding Cash Out of Fear

Levett wrote:There's another thread about this. You might look for it (or maybe it was locked, come to think of it).

It's only "actionable" for those of us who like to spend (prudently, of course!). :wink:

Lev


viewtopic.php?t=219015
by JDCarpenter
Wed May 17, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: Upcoming travel plans with electronics
Replies: 22
Views: 1539

Re: Upcoming travel plans with electronics

I would have thought to just use Fedex. But the cost.... Picking Berlin out of the hat for originating destination, and a 4KG package to Tennessee, the "international economy" (aka 5-6 day) rate comes to $222.86.
by JDCarpenter
Tue May 16, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 613
Views: 86072

Re: High Earners - What's Your Profession?

Spouse and I are both Optometrists (31 yrs old) in a small-medium Midwest city. Annual income is ~200k with both of us working ~35 hours per week, without evenings, weekends, call shifts, or overtime... No large annual bonuses and we could probably double income if we became practice owners, but th...
by JDCarpenter
Tue May 16, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7018

Re: How Old Habits Can Sabotage Retirement

I think some people are just psychologically wired to be savers, and others, spenders. I'd say that spenders predominate in most of U.S. society. Not sure to what extent there are differences between countries/cultures. On bogleheads, savers predominate--I think I'm pretty safe in making this claim...
by JDCarpenter
Tue May 16, 2017 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 143
Views: 33477

Re: Time to reach 1M and 2M milestones

There appears to be a lot of variation in what defines a million dollar networth. At age 55 I have 850K in equitable assets as a single guy, Short of the 1M milestone but how does that compare to a couple who claim to be worth 1.5M. If I get married to my GF who has few hundred K does that place me...
by JDCarpenter
Mon May 15, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: how do you invest your HSA
Replies: 39
Views: 3046

Re: Withdraw Anytime in the future?

Question: I might have read this somewhere but I would like a confirmation / opinions / take. Can one actually pay medical expenses out of pocket and retain the receipt/invoice. Then anytime in the future -- even 30-40 years down the road -- withdraw an amount equal to those medical expenses? If so...
by JDCarpenter
Mon May 15, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Switch from iPhone to Google Fi and Pixel?
Replies: 37
Views: 3392

Re: Switch from iPhone to Google Fi and Pixel?

I've been pixel on Fi since early February. Was Republic Wireless for several years before that; DW is verizon. Neither of us has ever had an iPhone, so can't help on comparing. We live on outskirts of Nashville and are often in rural areas in the midwest. My data usage outside of WiFi has never hit...
by JDCarpenter
Mon May 15, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9191

Re: Was there a $$$ number after which things got easier?

For us, it wasn't really a dollar amount. Rather, it was when the last kid graduated college (we chose to pay for undergrad and the kids went to schools of their choice). Going from 3 enrolled to 0 enrolled in 4 years reduced expenses to the point that things got very easy. Three years later, we are...
by JDCarpenter
Mon May 15, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: how do you invest your HSA
Replies: 39
Views: 3046

Re: how do you invest your HSA

NiceUnparticularMan wrote:We treat it as part of our overall long-term savings portfolio, and put into it whatever helps us achieve our overall target mix ....


This is what we do as well (fwiw, we hold VBR in the HSA as part of our tilt).
by JDCarpenter
Thu May 11, 2017 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: How specific/specialized is your Living Will?
Replies: 22
Views: 1104

Re: How specific/specialized is your Living Will?

Thank you both. JDCarpenter, by "aggressive living wills", do you mean refusal of the machines etc.? Explicit refusal of nutrition/hydration tubes if cruddy prognoses; right to withdraw such "help" once started, etc.... Basically our Living wills mesh with the PoAs. (Neither DW ...
by JDCarpenter
Thu May 11, 2017 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: How specific/specialized is your Living Will?
Replies: 22
Views: 1104

Re: How specific/specialized is your Living Will?

Personally, I am not a fan of living wills. In my opinion, a static document that can't adequately cover every possible scenario. My preference is a broad Power of Attorney for Health Care with the agent (and successor) being trusted family members (or special friends who know me well) who are awar...
by JDCarpenter
Thu May 11, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2263

Re: How I use I-ORP, and who shouldn't

.... Transferring 401k investments to an IRA after retirement [often] reduces fees .... For me and DW, yes, cheaper to transfer to IRA. I am not certain that my D.I.L. would find this to be the case--but google's plan is pretty darn good. So too, another son who is a baby-Fed employee at IRS legal ...
by JDCarpenter
Thu May 11, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help appreciated, if you can be patient with a newbie
Replies: 12
Views: 1131

Re: Help appreciated, if you can be patient with a newbie

Thank you all very much for the advice and the basic suggestions are what I suspected I'd read, so it's nice validation. I have a lot of reading to do. I'll get into this more for myself later, but for a "passive 3 fund portfolio" what are some funds that you would recommend for someone w...
by JDCarpenter
Thu May 11, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Who really needs an umbrella insurance?
Replies: 38
Views: 4852

Re: Who really needs an umbrella insurance?

... How much human capital do you have remaining? ... This. We had umbrella before we had much in the way of assets. Similarly, I recommended much higher than minimum liability limits for my son when he bought a clunker car when in law school... Most states allow a judgment to be enforced for 10 or...
by JDCarpenter
Thu May 11, 2017 1:17 pm
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4180

Re: What newspaper or magazine do you pay for?

One I forgot earlier (edit would get lost in long thread): Undercurrent. A monthly dive review newsletter/magazine that carries no ads. Well worth the $40 a year...
by JDCarpenter
Thu May 11, 2017 9:45 am
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2263

Re: How I use I-ORP, and who shouldn't

... In my continued search for retirement investing and harvesting I found a fantastic book entitled Living Off Your Money by Michael H. McClung. At this site: http://livingoffyourmoney.com/ you can preview the table of contents, download the first 3 chapters for free, and/or purchase an ebook or h...
by JDCarpenter
Wed May 10, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America Preferred Rewards vs. Wealth Management
Replies: 26
Views: 2545

Re: Bank of America Preferred Rewards vs. Wealth Management

That is nice to know--I had no particular interest in warehousing more ETFs at M.Edge given that we had "reached the top" of the rewards.... Wonder why they don't have this in the preferred rewards table, or at least footnote it? I've been debating which brokerage firm to open an account ...
by JDCarpenter
Tue May 09, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America Preferred Rewards vs. Wealth Management
Replies: 26
Views: 2545

Re: Bank of America Preferred Rewards vs. Wealth Management

See the 3rd from the bottom post on this page: https://www.fatwallet.com/forums/finance/1335073?start=530 It indicates there is Merrill Edge Premium at 250K and you stay in preferred rewards. By phone they told me this happens automatically at 3 month average balance 250K+ and that I should receive...
by JDCarpenter
Tue May 09, 2017 1:19 pm
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4180

Re: What newspaper or magazine do you pay for?

WSJ (digital and hard copy)
Local paper (digital)
Wash. Post (digital)
by JDCarpenter
Tue May 09, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 7190

Re: Stay home with kids?

I just don't see the purpose or utility in being a stay-at-home parent when your children are of an age to attend school. It makes no sense to me. Kids are not at school 24x7 even when they're of school age. There are summers, breaks, colds, etc., not to mention making a hot breakfast, volunteering...
by JDCarpenter
Sat May 06, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 7190

Re: Stay home with kids?

OP, you don't mention the hours that you and spouse work, or the travel commitments. Those, along with marginal tax rates, were the tilting points for us way back when. I was a big law commercial litigator with a lot of travel. DW was/is a private practice OBG (then in a two person group). We had th...
by JDCarpenter
Fri May 05, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: HSA - should I invest with it?
Replies: 6
Views: 614

Re: HSA - should I invest with it?

I have the same question - and it's not really about whether to do the HSA "AT ALL" but whether to INVEST the money rather than just leave it in cash. ... I guess it depends on the fees involved and I need to verify that. My HSA plan at the employer makes it hard to understand those fees ...
by JDCarpenter
Thu May 04, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: Two night trip
Replies: 9
Views: 821

Re: Two night trip

Lake Geneva?
by JDCarpenter
Wed May 03, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement income for 50+ years?
Replies: 167
Views: 14314

Re: Retirement income for 50+ years?

I've done a fair bit of reading/thinking and wondering if I could just start simple: (all in taxable account) 50% VTSAX 50% VWIUX That is reasonable. If the stock market declines then I could shift more into stocks, e.g. if it declines 15% then shift to 80/20 I wouldn't go that route, but I don't h...
by JDCarpenter
Wed May 03, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Banking in Marriage
Replies: 66
Views: 4343

Re: Banking in Marriage

... I tend to think that couples without a few minor money differences of opinion probably are not talking enough and doing their own thing and not enough big picture. Or, they are on the same page regarding money matters to begin with. (Granted, our incomes have typically been well in excess of sp...
by JDCarpenter
Wed May 03, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: best way to get a handle on expenses?
Replies: 16
Views: 1142

Re: best way to get a handle on expenses?

Quicken. Set it up to download from all accounts with one click. You'll spend less than one hour per month categorizing downloaded transactions, and drill-down is spectacular. Either lump all cash spending into one category or enter the transactions, as you prefer. Warning: Quicken has a "suns...
by JDCarpenter
Wed May 03, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Banking in Marriage
Replies: 66
Views: 4343

Re: Banking in Marriage

Surprised to see so many people do joint everything. My husband and I married late in life at 35 and 36 in the same city where we met. .... I would have to think that age at marriage makes a difference. We were together 3.5 years before we got married--in grad school, at the advanced ages of 23 and...
by JDCarpenter
Tue May 02, 2017 3:07 pm
Forum: Personal Consumer Issues
Topic: My library is switching to Cloud Library from Overdrive: no more kindle!
Replies: 5
Views: 879

Re: My library is switching to Cloud Library from Overdrive: no more kindle!

... I've registered my dissatisfaction with library management, first in that the CL app seems several steps backward in ease and utility from Overdrive, but more telling to me is that it makes my kindles bricks other than purchasing content from Amazon. ... Can't really provide insight on these tw...
by JDCarpenter
Tue May 02, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Banking in Marriage
Replies: 66
Views: 4343

Re: Banking in Marriage

If you search the forum for joint finances, you'll get quite a few hits. Surprised you didn't see anything, as this comes up a lot--although it generally is global couple finances, rather than just a checking account. Amusing how often those threads get into heated debate. The bottom line is to do w...
by JDCarpenter
Mon May 01, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 143
Views: 33477

Re: Time to reach 1M and 2M milestones

We took a long time to get to 2, despite high income and 100% equity allocation; was longer from one to two than from end of DW's training to the former. 1 million (for the first time, at least) 1999 (benefited on the way up from a very nonpassive, undiversified investing speculation approach). ... ...
by JDCarpenter
Sun Apr 30, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Planning impact your job performance?
Replies: 68
Views: 6872

Re: Does Retirement Planning impact your job performance?

... I was raised in a rural farm family, my conscience will never allow me to do a lousy job... .... This, or perhaps rephrased as pride, is what has kept DW and me going after we gave our 2 years notice (a bit more for her actually). Getting harder as we have entered the three month countdown, but...
by JDCarpenter
Fri Apr 28, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 165
Views: 10999

Re: When do you plan to die?

For retirement planning I check scenarios with a long life (and expenses to suit). But I have also checked the effects of if I "die early". In this event there won't be my own SS to carry the costs of things, my spouse's portion of my pension will be reduced, etc. So, overall, income is r...
by JDCarpenter
Thu Apr 27, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19634

Re: Any regrets living a frugal life for high income/high networth individuals?

Bogleingle wrote:...
"The best things in life are free. The 2nd best things in life are really expensive"

...

Never seen that [Coco Chanel] quote before. Nice!
by JDCarpenter
Wed Apr 26, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5305

Re: When does it make sense to start paying down (or off) a low rate mortgage?

I had a related post, and I think #1 and #2 certainly have some impact. If you've found that you are mostly financially independent, but still have a mortgage - then you really aren't independent. Huh? Our mortgage balance could be paid at any time (well, give me a week to transfer some funds aroun...
by JDCarpenter
Wed Apr 26, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19634

Re: Any regrets living a frugal life for high income/high networth individuals?

... Could be, although my point was I would share the money for experiences with the important people in my life instead of tucking it away until I had enough to retire. As far as requiring money, never considered diving an inexpensive activity or one that didn't require dinero. Some dive in local ...
by JDCarpenter
Wed Apr 26, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19634

Re: Any regrets living a frugal life for high income/high networth individuals?

... As for myself (and my wife) - our savings rate makes us seem frugal ..., and some of our spending habits are frugal, but our overall spending wouldn't seem frugal to most people. We try to strike a balance between spending on what we enjoy now and saving so we can retire early and hopefully hav...
by JDCarpenter
Wed Apr 26, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Shouldn't one's "number" be indexed to the current PE ratio?
Replies: 20
Views: 1496

Re: Shouldn't one's "number" be indexed to the current PE ratio?

I'd also highly recommend Living Off Your Money (available on Amazon) that goes into similar (I'd say even more detailed) analysis as the early retirement website. ...l here is a 358 post thread discussing McClung's book (which I own and am going to go through for a second time soon): https://www.b...
by JDCarpenter
Tue Apr 25, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Software Quicken 2017 Online Version or PC based] , Personal Capital, Mint, or QuickBooks?
Replies: 13
Views: 1160

Re: Personal Finance Software Quicken 2017 Online Version or PC based] , Personal Capital, Mint, or QuickBooks?

... Quicken Premier Positives: It's interactive, I can reconcile my accounts, it is easy to share with Turbo Tax, and if I wanted to spend the extra $120 per year [doubtful] I could pay my bills all in one place Negatives: is not cloud based and somewhat costly [$99] and needs to be updated every 2...

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