Search found 1373 matches

by JDCarpenter
Mon Dec 11, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it
Replies: 28
Views: 1271

Re: Done gone and did it

Congrats, Earl!

We exited at end of July (at 57/56), so still in newlywed phase ourselves.

Given the amount of planning/thinking you seem to have done (from my remembrance of prior posts), you should be good to go.

Enjoy!
by JDCarpenter
Sun Dec 10, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall of 1.5 millions
Replies: 10
Views: 1953

Re: Windfall of 1.5 millions

I am in the early 30s and I received around 1.5 million after-tax through IPO. I stay in SV. I do not have any debt. I am yet to decide what i will do with this money. I might return to my home country in a year but mostly I will get residency here and stay. It will be clear in a year what I will b...
by JDCarpenter
Sun Dec 10, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 134
Views: 8408

Re: Save all this money, what do you splurge on?

Retired 10 yrs ago, we are now 70 and decided to splurge, bought a Corvette and went on a big road trip, were home 2 weeks then took a month cruise through the cannal and around the horn. Still trying to catch up and rest up. Loved it but would not do it again-travel is for the younger. Thank you f...
by JDCarpenter
Fri Dec 08, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: This close to withdrawing 27K...
Replies: 6
Views: 1725

Re: This close to withdrawing 27K...

I would leave the money in the account and invest it in something other than a money market fund. The big advantage that those funds have is the tax shelter offered by being in a qualified account. Once you lose that tax-advantaged space, you don't get it back. Without knowing more about your finan...
by JDCarpenter
Fri Dec 08, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 44
Views: 2266

Re: Should I file taxes w/o her?

Let your wife bring home the bacon for you to fry. Have a kid, quit your job, stay home to raise the child and keep house. Problem solved! :beer This worked well for us and cut out a lot of expenses (from nanny to electricians/plumbers). Delayed retirement for a few years, probably--but I had a nic...
by JDCarpenter
Thu Dec 07, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7107

Re: At what age your investments start making more money than you?

How old were you when your investments Grew more in a year than your households 'Gross' income. It might have happened somewhere in the past once or twice but I can't see it happening again until at least one of us retires. Using Gross sets a high bar. +1. This is what allowed us to hit it the one ...
by JDCarpenter
Thu Dec 07, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7107

Re: At what age your investments start making more money than you?

Boy, it is going to vary a lot... And we never really tracked unrealized or deferred-account gains in that manner. In our dual income (MD/JD) case, using miamivice's 8% return to filter out boom years, maybe at ages 46/45 when we had lowest nominal income for our post-schooling years due to job chan...
by JDCarpenter
Thu Dec 07, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Okay come clean....How man people share passwords for streaming services?
Replies: 41
Views: 1525

Re: Okay come clean....How man people share passwords for streaming services?

When in higher education, our sons used DW's netflix account. If hulu is a streaming service, DW doesn't share that. She uses "my" Amazon Prime account for everything, including streaming movies and their tv shows. P.S.--our one son and his wife still use our netflix account and they each meet hight...
by JDCarpenter
Wed Dec 06, 2017 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation & The 4% Rule
Replies: 8
Views: 688

Re: Asset Allocation & The 4% Rule

You are now ready to read this series of articles: https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ Your quest for knowledge will continue. + more than 1. ERN's dissection of the SWR is well worth devoting some study to. Livesoft justifiably refers...
by JDCarpenter
Tue Dec 05, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: New Cash - dollar-cost averaging in?
Replies: 35
Views: 1867

Re: New Cash - dollar-cost averaging in?

Thanks everyone for the replies. Normally, I would just reinvest immediately, but I've got reason right now to be more conservative that I didn't get into in my first post - I expect to leave my current job to do something new without income for a year or so ; i.e. I want to reduce risk in one area...
by JDCarpenter
Mon Dec 04, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Auto Insurance -Drop Full Coverage?
Replies: 13
Views: 1189

Re: Auto Insurance -Drop Full Coverage?

If a tree were to fall on your car and total it, would you be able to easily replace it? That's been our rule of thumb. My last/first new car has never had anything other than liability and UM ...
by JDCarpenter
Mon Dec 04, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: Priority Pass- not quite totally useful
Replies: 19
Views: 2054

Re: Priority Pass- not quite totally useful

It definitely all depends. We were pleasantly surprised during a lengthy trip to Peru. We found every airport, including those with just a handful of flights a day, had priority pass lounges. Granted, with the exception of the international departure lounge in Lima, they weren't real fancy, but we s...
by JDCarpenter
Sat Dec 02, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nesters, how did your finances change when the birds left the nest
Replies: 25
Views: 2283

Re: Empty nesters, how did your finances change when the birds left the nest

My expenses have gone up. We save a bit on food, clothing and car expenses. But my wife and I travel a lot more than before, and those trips are super expensive. Worth every penny, though. Once we retired, this is definitely true (travel will be over half of all spending in this first retirement ye...
by JDCarpenter
Sat Dec 02, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nesters, how did your finances change when the birds left the nest
Replies: 25
Views: 2283

Re: Empty nesters, how did your finances change when the birds left the nest

we had three fly away to distant colleges--but only one year involved simultaneous enrollment for all three. I went back to work after being SAH, which almost covered those bills. Finances changed drastically when they started graduating and we could divert the tuition_Etc. payments to savings. We r...
by JDCarpenter
Sat Dec 02, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: Any other Granada (Caribbean) Lovers Here?
Replies: 5
Views: 436

Re: Any other Granada (Caribbean) Lovers Here?

DW, as is her wont, just snagged a B&B for 10 days in first two months of '18. Price was reasonable and nice location.

Not planning to dive there, but we'll have our gear and could be persuaded! (Undercurrent reports are mehh.)
by JDCarpenter
Fri Dec 01, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: I met my first Retirement Savings goal
Replies: 26
Views: 1986

Re: I met my first Retirement Savings goal

... I know this is chump change to many of you on this forum, but it is an important stepping stone for me as I started from scratch at 23 with no retirement savings. ... 27 years old with 100K? I sure won't sneer at that! We were negative net worth at that age. Congrats!! :happy As CnC noted, the ...
by JDCarpenter
Fri Dec 01, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9455

Re: Any retired boglehead doctors out there?

The ability to retire early as well as the propensity to burnout appears to be dependent on the age and number of dependents in the household. Physicians usually start families later thus have college age children well into their late 50s and 60s. Would have retired years ago if not for dependent (...
by JDCarpenter
Tue Nov 28, 2017 4:37 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 157
Views: 13766

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

I, for one, don't disagree one bit!

But is there any reason to think that Mr. Bogle's opinion will impact anyone's decisionmaking on this one way or the other? :D

E.T.A.--I'm guessing that the Venn diagram of Bogle-believers/indexers and bitcoin aficionados probably has little overlap...
by JDCarpenter
Tue Nov 28, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Luggage Update for Travel
Replies: 73
Views: 3925

Re: Luggage Update for Travel

Edit - For people who carry on their bags (and fly coach): Are you really able to stay strictly within airlines' weight limits for carry-ons? Easily. Light travel is an obsession of mine, and if I really keep things to a minimum, I can fit everything I need into a small pack and still have half the...
by JDCarpenter
Tue Nov 28, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: My Plan for Roth Conversion in December - Does This Make Sense?
Replies: 7
Views: 489

Re: My Plan for Roth Conversion in December - Does This Make Sense?

Yes, will be careful re 30 day rule ("later of ...") You said that "We are going to take the same approach. Just converted 2017 after getting ballpark, but will convert 2018 in Jan--before recharacterizing part of 2017." What is your thinking behind this order of events. Does converting before you ...
by JDCarpenter
Tue Nov 28, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: Luggage Update for Travel
Replies: 73
Views: 3925

Re: Luggage Update for Travel

... ... I use my Red Oxx Air Boss (I also use it when I am taking my full scuba gear and between it and my backpack I can carry on the plane two full scuba outfits including wetsuits/fins and all my personal needs for a couple weeks). Are either of you underwater photographers? If so, how does that...
by JDCarpenter
Tue Nov 28, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: Luggage Update for Travel
Replies: 73
Views: 3925

Re: Luggage Update for Travel

... I've also found that in many foreign countries, the price of just hiring someone to do laundry for you is quite reasonable and allows me to focus on other things. +1. We did far less laundry than we expected on our trip because the prices were so low in those locations at which it was available...
by JDCarpenter
Tue Nov 28, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: My Plan for Roth Conversion in December - Does This Make Sense?
Replies: 7
Views: 489

Re: My Plan for Roth Conversion in December - Does This Make Sense?

I'm going to do a Roth IRA conversion in December, but I don't want to go to the time/expense of doing a tax analysis in advance to hit a specific bracket - too complicated. Rather, I'll convert a "safe" amount that I know is more than I will ultimately end up doing. Then, when I prepare my return ...
by JDCarpenter
Tue Nov 28, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: Luggage Update for Travel
Replies: 73
Views: 3925

Re: Luggage Update for Travel

I'm planning to up the amount of travel I do in the next couple of years and would appreciate suggestions for upgrading my worn- out luggage. I am thinking of getting a zippered tote as a carry on/under the seat in front of me. A smallish (not sure in inches) rolling bag that will fit in an overhea...
by JDCarpenter
Tue Nov 28, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: How Do You Stay Current With Music?
Replies: 111
Views: 5115

Re: How Do You Stay Current With Popular Music?

It helps to live in Nashville--even for those of us who aren't country music fans. (Probably similar options in many locations though) Local adult alt. radio station focuses on new music, and particularly on "local" music--which covers a broad selection given the musicians who move here. Now that we...
by JDCarpenter
Mon Nov 27, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Too much house, right?
Replies: 88
Views: 8054

Re: Too much house, right?

I say to wait. Financial stress can cause havoc in personal relationships around the house and with tour current nest egg, I say you need to buckle down for a few more years. I am in a similar situation and doing my best to enjoy our undersized house as long as possible to be able to loan <2x incom...
by JDCarpenter
Mon Nov 27, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9455

Re: Any retired boglehead doctors out there?

looking to find out what retirement looks like for retired/retiring doctors today. Currently 53 and looking at options for the immediate and distant future. Locum tenen stories, early retirement, part time, consulting. Any stories appreciated. Too soon for DW to really be substantive on this, but w...
by JDCarpenter
Wed Nov 22, 2017 3:49 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 10435

Re: What are the things you want to do between 55 and 65?

Between early middle age and middle old age, travel seems to be the most common bucket list item. Any others? What else do they want to do, when they have both money and time? Although I am one of the "challenging travel" people in this thread, we also still have all of the things we loved to do be...
by JDCarpenter
Wed Nov 22, 2017 3:04 pm
Forum: Investing - Theory, News & General
Topic: DISTRIBUTIONS
Replies: 9
Views: 1308

Re: DISTRIBUTIONS

68yr old married with 4.4 million in IRA Any suggestions on doing some Roth Conversions Ouch. We are in similar situation, but 10 years younger--and still worrying that we have insufficient time to do the conversions that we presently project to wanting.... (Still, you gotta admit that this is trul...
by JDCarpenter
Wed Nov 22, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19464

Re: Why NOT make more money?

.... There is a huge difference between $10k travel budget and blowing [diligently researching for the proper destinations and journeys to spend only] $150k a year in luxury [to] travel [for most of your days to all the places that your job kept you from seeing properly] . .... Fixed that for my DW...
by JDCarpenter
Tue Nov 21, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Spending Taxable to Zero during Retirement
Replies: 42
Views: 4977

Re: Spending Taxable to Zero during Retirement

It all depends upon when you retire, your pension-type income (if any), the weights of your deferred/roth/regular accounts.... We will exhaust the taxable accounts in the first three years of retirement. But grossly skewed to deferred accounts, and no pension-type income. We will use the taxable acc...
by JDCarpenter
Tue Nov 21, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 93
Views: 5763

Re: Uber for someone who knows only taxis

Also, to the poster who asked why you have to verify the car, ... I always verify the make/model, license plate number, AND name/picture of the driver and ensure it matches the assigned ride on my Uber app. In addition to the safety issues, if you get into the wrong car, you will be heading to the ...
by JDCarpenter
Tue Nov 21, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 93
Views: 5763

Re: Uber for someone who knows only taxis

... I might use it more overseas. We used uber a few times in Peru when in larger cities, no collectivos that we were familiar with, and too far to walk. Good results with it--although the cars weren't necessarily as new as those in the US, they were fine. Given our abysmal non-mastery of spanish, ...
by JDCarpenter
Tue Nov 21, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 10435

Re: What are the things you want to do between 55 and 65?

... I am right behind you. Booked our first tour trip to Peru in May, after my solo trip in February to China, Thailand, and Vietnam. A two week trip to Europe is planned in July or August. We still have not figured out where to go in the first week of 2018. We will do as much travel as we could, r...
by JDCarpenter
Tue Nov 21, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 10435

Re: What are the things you want to do between 55 and 65?

Retired this year at 57/56 with this decade at the top of our minds.... So far, we have these things on the "do sooner rather than later" list--and some are booked: Strenuous liveaboard diving--Fiji, Cocos, Galapagos, etc. Diving involving complex travel--much of south pacific and indian oceans, at ...
by JDCarpenter
Sun Nov 19, 2017 6:09 pm
Forum: Personal Consumer Issues
Topic: Bank of America Premium Rewards card
Replies: 13
Views: 1254

Re: Bank of America Premium Rewards card

... Is it absolutely necessary to open a checking account with B of A to get the platinum honor level? Can I just open a ME account with 100k? ... That's my understanding. From the FAQs: To [obtain and] maintain your status, you need an eligible Bank of America personal checking account and a three...
by JDCarpenter
Sun Nov 19, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13909

Re: Dave Ramsey says don't use credit cards, even if you pay them off

This is from a segment 1 year ago https://www.youtube.com/watch?v=np5i5oWfqAo Do you all agree with Dave on this? He says that it's stupid to use credit cards even in situations where you use credit cards for rewards points (credit card hacking) and pay them off each month without paying any intere...
by JDCarpenter
Sun Nov 19, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: Bank of America Premium Rewards card
Replies: 13
Views: 1254

Re: Bank of America Premium Rewards card

I'm in the "it was a breeze" camp. We had a barebones checking account with BoA. Had a large sum in it for a short time to fund a real estate purchase that didn't happen. When the money was sitting there, they alerted me to the rewards program, which I then funded by buying a couple of etfs at M.E. ...
by JDCarpenter
Sun Nov 19, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: Transcription services
Replies: 5
Views: 347

Re: Transcription services

a recommendation for rev.com Reliable and pretty accurate. $1/minute and usually turnaround within 24 hours. +1. We used it a couple of times at work for multiple speaker recordings that one party or the other secretly made prior to litigation. Not the best quality of recordings, and rev.com did a ...
by JDCarpenter
Sun Nov 19, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 5766

Re: How much do you budget for vacation?

Quite variable topic, depending upon one's tastes and where you are in your life.... We are mid-50s recent retirees and expect to continue this first year's experience for a while--a bit more than 50% of the year on long international trips, with a few domestic travels in addition. "Budget" is looki...
by JDCarpenter
Fri Nov 17, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: 35 yr-old doc needs some wisdom
Replies: 49
Views: 10983

Re: 35 yr-old doc needs some wisdom

... "Sure he makes great money, but what if he becomes burnt out in 5 years and needs to cut back to stay sane?" This is the question I ask daily. I don't want to be trapped in a job living a life of quiet desperation, compelled to see X number of patients or do Y number of procedures, just to pay ...
by JDCarpenter
Fri Nov 17, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Retire at FRA of 66, or delay for one year?
Replies: 10
Views: 900

Re: Retire at FRA of 66, or delay for one year?

Why is the FRA relevant to when you retire from working? With your assets, paid off house, and the age & lifetime wage status of your wife, it sounds like you should look carefully at not drawing Social until age 70.... No need to work that long though--just carefully consider delaying the claim for...
by JDCarpenter
Thu Nov 16, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Dive computer recommendations
Replies: 8
Views: 745

Re: Dive computer recommendations

Do you have your own gear so that you could put the puck into your instrument console? As always smaller (like the nifty air-integrated devices mentioned above) tends to be more pricey.... (FWIW, DW and I dive with one computer on wrist and another strapped on BC for backup; if you do dedicated mult...
by JDCarpenter
Wed Nov 15, 2017 12:42 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4456

Re: Regrets after reaching retirement?

We did a week every year without kids, mainly to make up for not seeing each other enough during the weeks/weekends due to jobs. Add to that a week with kids at annual family reunion with grandparents. Can't say it really is a "regret," as our jobs were demanding, but it would have been nice to have...
by JDCarpenter
Tue Nov 14, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7970

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

...-and that state treasurers are going to get a windfall in about ten years as people who have "gone electronic" on their statements start to die off. I agree that state treasuries and maybe even the US Treasury and insurance companies will be getting free unclaimed dough. I hope you realize that ...
by JDCarpenter
Tue Nov 14, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 3175

Re: Schwab/Fidelity vs BoA Gold: Checking

.... In contrast my much better appreciated than BOA (I have had them too) brick and mortar bank charged me $10 for a similar scenario this month and I have over 20k sitting on deposit with them (mildly annoyed but again my fault for not getting the deposits in on time) You should be able to set up...
by JDCarpenter
Mon Nov 13, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 3175

Re: Schwab/Fidelity vs BoA Gold: Checking

... Do you think the BoA platinum benefits justify the very high balance requirement? Thanks. Like others, I have six figures sitting in index ETFs at Merrill Edge, so the balance requirements are not an issue. (Then again, we are mid-50s retirees, not starting out in our mid-20s. Like so much else...
by JDCarpenter
Mon Nov 13, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: 35 yr-old doc needs some wisdom
Replies: 49
Views: 10983

Re: 35 yr-old doc needs some wisdom

Thanks for the update, Madman! Looking good--you've got room to make some pricey choices (like the car), just continue keeping the overall picture under control. Your large income gives you nice cushion as long as you avoid the "need" to keep up with the more spendy invasive cardiologists and Orthos...
by JDCarpenter
Mon Nov 13, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 3175

Re: Schwab/Fidelity vs BoA Gold: Checking

Recently I went on international trip and notified Ally. They stated that international ATM fees charged by ATM owner will not be reimbursed. Interestingly when I saw the statement they had reimbursed ATM fees incurred in Peru and India. So you may also take chance with Ally Debit cards internation...
by JDCarpenter
Sun Nov 12, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19464

Re: Why NOT make more money?

... The real issue is that my wife does not want to travel to those countries that do not have good accommodations and other living conditions. She wants to stay at good hotels, while I could just sleep at airport floor if necessary. In that sense, we do not have enough and she does not mind workin...