Search found 326 matches

by WL2034
Mon Jul 24, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 88
Views: 3512

Re: Investing Education and Mansplaining

Mansplaining is not when a man explains something to you. Mansplaining is when a man explains to you something you already know, quite certain in the knowledge that you must not know whatever it is that's being explained to you. I've been on Bogleheads since 2004, if someone tries to explain what c...
by WL2034
Wed Jul 19, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation and Subspecialties
Replies: 53
Views: 4160

Re: Physician Compensation and Subspecialties

Moving outside of NY will be very difficult for me since I grew up here and all of my family/friends are located here. I took the job that I have now after weighing all of my options in the area, which you all have rightly have guessed were also not so enticing. The monetary differences range +/- (...
by WL2034
Wed Jul 19, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation and Subspecialties
Replies: 53
Views: 4160

Re: Physician Compensation and Subspecialties

Ha, I am having a really good chuckle at all the comments about my rent. The rent is subsidized by my wife's residency program and we are located slightly outside the city. What specialty is your wife in? If it's another shift-work specialty, EM, etc. then there are some added scheduling perks to b...
by WL2034
Wed Jul 19, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation and Subspecialties
Replies: 53
Views: 4160

Re: Physician Compensation and Subspecialties

For hospitalists and other hospital employed MD specialties, the pay tends to be much lower in HCOL "desirable locations" because doctors will move there and are willing to work for less. In my experience, these places also tend to have higher average census and are more stressful, overall...
by WL2034
Tue Jul 18, 2017 11:59 pm
Forum: Personal Consumer Issues
Topic: How Much Would You Spend on a Blender?
Replies: 43
Views: 2231

Re: How Much Would You Spend on a Blender?

Depends on how much you use it and what you use it for. If you want great quality smoothies, I would recommend a refurbished Vitamix or Blendtec for the best value. If you just use it once in a while and don't care that much, buy something less expensive. I have personally owned a Ninja and a Vitami...
by WL2034
Tue Jul 18, 2017 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Roll over old 401k to IRA or new employer Profit-Sharing plan (small business)?
Replies: 2
Views: 137

Re: Roll over old 401k to IRA or new employer Profit-Sharing plan (small business)?

Ascensus is the 22nd largest TPA by assets, 7th by number of plans and is actually the administrator for Vanguard's small business plan. However, what matters is what the plan investment options are and what fees the participants are subject to. These are controlled by the employer and it sounds li...
by WL2034
Tue Jul 18, 2017 7:40 pm
Forum: Personal Consumer Issues
Topic: A week in Iceland
Replies: 28
Views: 1542

Re: A week in Iceland

It's interesting because everyone is going to Iceland these days, but the last 3 people I have spoken to after they traveled to Iceland said they wouldn't go back. Too expensive and they otherwise didn't fall in love with it. Otherwise they had various complaints, but all agreed it was overpriced fo...
by WL2034
Tue Jul 18, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Roll over old 401k to IRA or new employer Profit-Sharing plan (small business)?
Replies: 2
Views: 137

Roll over old 401k to IRA or new employer Profit-Sharing plan (small business)?

My spouse has a new job with a physician group which is something around 30-40 partners and some other employees, I believe. The retirement plan is a profit sharing plan administered by Ascensus. There are plenty of good Vanguard index fund options in the plan with ER < 0.1% to work with our portfol...
by WL2034
Mon Jul 17, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k, looking for a bond fund -- use Vanguard Target Retirement?
Replies: 8
Views: 338

Re: New 401k, looking for a bond fund -- use Vanguard Target Retirement?

Interesting, I read that the PIMCO Total return fund invests in derivatives. I don't know much about it other than it seems riskier. Thanks for the info, I will do some research about that fund. It would be possible to leave the funds in her old 401k but the bond options are not as good as the Targe...
by WL2034
Mon Jul 17, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k, looking for a bond fund -- use Vanguard Target Retirement?
Replies: 8
Views: 338

Re: New 401k, looking for a bond fund -- use Vanguard Target Retirement?

I think the answer depends a lot on the context. What fraction of your overall portfolio will this be? Do you have enough space and options for bonds elsewhere that it doesn't matter? Are you close to retirement? Unless you want all of your bonds in TIPS for a specific reason, I would use the targe...
by WL2034
Mon Jul 17, 2017 11:45 am
Forum: Investing - Help with Personal Investments
Topic: New 401k, looking for a bond fund -- use Vanguard Target Retirement?
Replies: 8
Views: 338

New 401k, looking for a bond fund -- use Vanguard Target Retirement?

Hi all, my spouse is starting a new job with a 401k administrated by Ascensus. We are looking for a bond fund to use and these are the options: PIMCO Total Return Fund Institutional Class PTTRX - 0.46% Prudential High-Yield Fund Class Q PHYQX - 0.46% Templeton Global Bond Fund Advisor Class TGBAX - ...
by WL2034
Fri Jul 14, 2017 10:44 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 145
Views: 13497

Re: How are folks handling the unprecedented rise in the market ?

I'm buying a boat. How else should one handle having more money than they used to? :sharebeer
by WL2034
Fri Jul 14, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Personal loan to a family member
Replies: 114
Views: 6449

Re: Personal loan to a family member

I am surprised at all the responses that insist this is a terrible idea with no good outcomes. Construction costs overrun budgets all the time (more often than not actually, which I can attest as a lender who does plenty of construction loans)... This may be true, although I find it a bad sign that...
by WL2034
Thu Jul 06, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 5699

Re: Am I on track, or just crazy...

I think it sounds awesome. Full disclosure, I kind of glossed over the financial details. But let's be honest, this type of a decision isn't really about running the numbers and deciding on a 3% or 4% withdrawal rate. If you have the funds and want to make it work, it will be the experience of a lif...
by WL2034
Thu Jul 06, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11040

Re: Seeking advice on 1.2m house purchase

How much rent do you expect to collect from renting out a room (or 2)? Financially, that may actually be the best option if you feel that it is a reliable income. I have no experience in Bay area real estate or renting, so could not even venture to guess. You will still have the added risk of having...
by WL2034
Wed Jul 05, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11040

Re: Seeking advice on 1.2m house purchase

You have great investments and savings at the current time. I would not want to trade that in for the right to become extremely house poor. You are looking at a house that costs the entirety of your net worth and is equal to 6x-8x of your yearly salary. Having said that, obviously if the bank will a...
by WL2034
Tue Jul 04, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house?
Replies: 50
Views: 4239

Re: Should I buy this house?

I think the house is actually the least problematic of these issues, especially if you will continue to be involved with your girlfriend / possibly wife in the future. You can afford it. Would you be better off with something less expensive? Sure, as long as it meets your needs. More problematic iss...
by WL2034
Sat Jul 01, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: When Did You Start Investing Your Own Money?
Replies: 47
Views: 3051

Re: When Did You Start Investing Your Own Money?

I started buying Amazon stock in 2001 at age 17 with my salary from my retail position at the mall. It's now worth approximately $4,000,000 due to better than expected returns.

Just kidding. Started at age 28 with first job 401k. Technically age 24 if you include investing in education.
by WL2034
Sun Jun 25, 2017 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Just found out my wife is pregnant.
Replies: 15
Views: 2251

Re: Just found out my wife is pregnant.

Congrats! Don't try to make any big decisions right away. Take some time to let it sink in. Make a budget and figure out what it looks like with SAHM vs. working from home vs. keeping job. Keep in mind the child care costs if she continues to work. And realize that if the plan is working from home, ...
by WL2034
Sun Jun 25, 2017 7:02 pm
Forum: Personal Consumer Issues
Topic: Assess our possible new house purchase (update)
Replies: 23
Views: 1877

Re: Assess our possible new house purchase

What are you currently doing with the $40k/year surplus you have been accruing for the past 4 years (net income $8300 - net expenses $5711 + $750/month rental income)?
by WL2034
Sun Jun 25, 2017 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs or Mutual Funds for an inexperienced investor
Replies: 32
Views: 1782

Re: ETFs or Mutual Funds for an inexperienced investor

Mutual funds are great; ETFs are great. I personally prefer ETF because they are custodian agnostic. If I decide I don't like broker X and I want to move to broker Y, I can transfer my ETFs with no issue. On the other hand, not all mutual funds transfer. If you want to hold Admiral class Vanguard f...
by WL2034
Sun Jun 25, 2017 6:07 pm
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 12969

Re: Sam's Club vs. Costco

I really wouldn't drive 90 minutes longer to shop at any warehouse store. I would just go without or buy local. I mean, you have to REALLY be stocking up to make a 3 hour commute and the cost of transportation even close to worth it. As for Costco vs. Sams, it's a no contest for nearly everything. Y...
by WL2034
Sun Jun 25, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 93
Views: 12278

Re: Can we/should we afford a $2M house?

Retiring @ 55 - sounds about right or at least drastically cutting back. Wife work: she genuinely enjoys what she does. From our conversations, she is open to working until the house is paid off majority or perhaps until the young one starts school. After that, she can work part time and still gene...
by WL2034
Sun Jun 25, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 93
Views: 12278

Re: Can we/should we afford a $2M house?

At the risk of a major thread derail, might I ask what types of careers pay 500k but allow part time/shift work?? Where I live those kinds of incomes say- MD at a major hospital, partner of a big city law firm, senior VP to c-suite executive of a small/mid size coproration, etc.. i.e. not careers c...
by WL2034
Sat Jun 24, 2017 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping track of a taxable account
Replies: 15
Views: 1346

Re: Keeping track of a taxable account

I just consider money put into taxable account as money for "later" or "someday". It doesn't necessarily have to be for retirement or not for retirement. For example, maybe in 15 years I want to buy a vacation home, boat, or some other luxury, but I'm not retired yet. Maybe I'll ...
by WL2034
Sat Jun 24, 2017 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: 58 years old and laid off seeking advices
Replies: 43
Views: 5557

Re: 58 years old and laid off seeking advices

Do you have health insurance through previous employer? If not, what are your plans?
by WL2034
Sat Jun 24, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 93
Views: 12278

Re: Can we/should we afford a $2M house?

Just curious to the folks who answered no what income do they think should be able to afford 2M house value? The OP income is 900-1.2million. That means the house is 2x their annual gross income. Does that mean everyone who said no and makes 100k in gross income lives in houses that are only worth ...
by WL2034
Wed Jun 14, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: Best Cheap Champagne
Replies: 60
Views: 3980

Re: Best Cheap Champagne

Leemiller wrote:Veuve clicquot.


I was going to suggest this. Not sure it qualifies as cheap. Less than $50 at Costco, though.

If looking for very cheap, Barefoot Bubbly!
by WL2034
Wed Jun 14, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for a house down payment -- savings account or taxable brokerage?
Replies: 6
Views: 606

Re: Saving for a house down payment -- savings account or taxable brokerage?

5. If the market was down 30-40%, it would not affect our ability to have the down payment (already have 2-3 X taxable and will save 1-1.5 X in next 15 months). Of course, if the market was down significantly, I would wish that we had just used a savings account -- but I suppose that's a natural em...
by WL2034
Wed Jun 14, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for a house down payment -- savings account or taxable brokerage?
Replies: 6
Views: 606

Re: Saving for a house down payment -- savings account or taxable brokerage?

We saved up for about 17 months for our down payment. We just kept it all in our savings account. At the end of the time period we knew exactly what we had. Is your down payment an investment or "insurance" against PMI? We viewed ours as insurance and treated it as such. That's what I'm t...
by WL2034
Tue Jun 13, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a house down payment -- savings account or taxable brokerage?
Replies: 6
Views: 606

Saving for a house down payment -- savings account or taxable brokerage?

I know the general recommendations are to use CDs or savings account for money needed within 3-5 years. I'm wondering if anyone would recommend differently in the following situation: 1. Let's say we are planning to save X for a down payment, needed in 15 months. 2. Over the next 15 months, we can e...
by WL2034
Fri Jun 09, 2017 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 4531

Re: (Very) Early Retirement vs Parenthood

My wife and I have, objectively, very similar lives to yours regarding ages, incomes, net worth (ok, a little less than yours :wink: ). We love to travel, love our lives together with no kids, and had long been ambivalent about having kids. We just took things as they came. We could easily have cut ...
by WL2034
Wed Jun 07, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: "Paying" a minor for otherwise uncompensated work
Replies: 37
Views: 2929

Re: "Paying" a minor for otherwise uncompensated work

Agree that this just isn't going to work legally with your father paying you out of his pocket for work done for his employer (he is not the employer). It's not worth the headache and possible audit in the future. Just take the money as a gift and invest in taxable if you'd like. You are starting ea...
by WL2034
Tue Jun 06, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: "What Vanguard Fund Has Beaten Its Category Average 16 Years In A Row?
Replies: 14
Views: 2317

Re: "What Vanguard Fund Has Beaten Its Category Average 16 Years In A Row?

I'm not sure, but it must be one of the actively managed slice and dice factor funds?? Don't keep us in suspense, what is it?
by WL2034
Tue Jun 06, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Pimp my DW's ride.
Replies: 96
Views: 6651

Re: Pimp my DW's ride.

Deleted -- you already found the YouTube video! Do it! :mrgreen:
by WL2034
Tue Jun 06, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 6368

Re: I'm considering buying a house in the $800k range.. can I?

Everyone is asking about the SO, but he already said he is not married no kids. If you (OP) expect you will get married someday and have desires to have a family, wait. Where you want to be and what space/amenities you need could change drastically after marriage. From the OP: "I'm a normal em...
by WL2034
Tue Jun 06, 2017 10:43 am
Forum: Personal Consumer Issues
Topic: Pimp my DW's ride.
Replies: 96
Views: 6651

Re: Pimp my DW's ride.

Have no BHs wrapped a car, matte or otherwise? :D :D Are you surprised by this? Go to the auto detailing shop and look at the average clientele wrapping their cars. I had never heard of wrapping, but it's apparently a big deal with Tesla owners. It can't hurt to ask; who knew that so many BHs loved...
by WL2034
Tue Jun 06, 2017 10:24 am
Forum: Personal Consumer Issues
Topic: Pimp my DW's ride.
Replies: 96
Views: 6651

Re: Pimp my DW's ride.

Have no BHs wrapped a car, matte or otherwise? :D :D Are you surprised by this? Go to the auto detailing shop and look at the average clientele wrapping their cars. It's a different demographic than Bogleheads. Full disclosure, I've been to such a shop and paid more money than I'd like to disclose ...
by WL2034
Tue Jun 06, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 6368

Re: I'm considering buying a house in the $800k range.. can I?

I agree you can afford the house. Issues I would be considering: 1. Stability of income. 2. Partner / future spouse input on homebuying (I'm assuming they will be part of the process. Don't pay $800k for a house and then find out your partner hates the style or location). 3. Effect of future plans o...
by WL2034
Mon Jun 05, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Good Travel Card for People who Don't Travel
Replies: 5
Views: 726

Re: Good Travel Card for People who Don't Travel

The primary point to keep in mind is that your plan to "...get a travel credit card that we can set up for bills/autopay/amazon and kind of forget about for a couple years" is not going to result in significant points accrual (certainly nowhere near enough to pay for a trip to Europe -- un...
by WL2034
Thu Jun 01, 2017 1:55 pm
Forum: Investing - Theory, News & General
Topic: Ally Invest Unstable?
Replies: 2
Views: 578

Re: Ally Invest Unstable?

I took a look at Ally Invest and decided to pass. I have had a savings account there, but I couldn't find any offer of free trades or other perks. BoA / Merrill Edge offer many perks like free trades and increased credit card rewards, free safe deposit box, unlimited free ATM. Chase also has perks a...
by WL2034
Thu May 25, 2017 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Help my wife choose her retirement allocation
Replies: 14
Views: 781

Re: Help my wife choose her retirement allocation

Looks good -- great options in that 401k. Betterment seems fine as far as robo-advisers go. I suppose the question is does she feel she needs the robo-adviser? Especially since it's an IRA so you're not even getting the auto-TLH benefit. Another option would be fidelity go robo-adviser instead of be...
by WL2034
Tue May 23, 2017 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity and their "free advisor" service?
Replies: 34
Views: 3306

Re: Fidelity and their "free advisor" service?

I have spoken to the Fidelity adviser once, and dealt with the account representatives many times for different transactions in several different departments. I've been pleased with the customer service, overall. Specifically regarding the adviser, I think it really depends on what advice you are lo...
by WL2034
Tue May 23, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 13930

Re: i am my own "guy," but not sure I should advertise that

I never advertise, but sometimes just suggest that people check out Bogleheads or WCI if they are debating certain financial decisions (sometimes bad decisions--whole life, expensive annuities, etc.). I really try not to come across too opinionated because I don't want to insert myself into other pe...
by WL2034
Tue May 23, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Suggested Reading or Advice for Father-to-be
Replies: 28
Views: 2169

Re: Suggested Reading or Advice for Father-to-be

I second "The Happiest Baby on the Block". Our kid was/is an easy sleeper but there were times when the book was very helpful. Mind you, the book is useful for the first 3 months. The tricks decrease in effectiveness after that. We found this helpful as total novices, as well. Actually, i...
by WL2034
Tue May 23, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 9552

Re: Net worth is overrated

Is the importance of expenses/expenditures over-rated? After all, if your expenses are high, you can just make more money. Perhaps that's more easily said than done. Conversely, how is net worth overrated? It's just a part of one's financial picture. I would say that most Bogleheads understand that ...
by WL2034
Sun May 21, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Job change--crazy financial move?
Replies: 9
Views: 1371

Re: Job change--crazy financial move?

It's interesting to me that Location 1 has 30% higher COL, yet worse amenities and dating scene. Usually the higher COL areas seem to have more amenities and bigger dating pool. Seems like the worst of both worlds, why do people pay more to live there?
by WL2034
Sun May 14, 2017 12:29 am
Forum: Personal Consumer Issues
Topic: Tipping at All Inclusive Resort?
Replies: 67
Views: 5396

Re: Tipping at All Inclusive Resort?

$10 for dinner is really generous. If we're talking specifics $1 for drinks. I leave $2 or $3 for breakfast. Usually the same for lunch. And a $5 for dinner. I leave the mini fridge guy a buck or two if he loads me up with my favorite beer. The maid $3ish day more when my small child has made an eg...
by WL2034
Sun Apr 30, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8836

Re: Helping adult children

I see this situation differently than I would if there were health issues, special needs, or other extenuating circumstances. You mention that both children are engineers and are doing well in their careers. You mention the specific items you are assisting with--home repairs, dental, activities. Mon...
by WL2034
Fri Apr 21, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 3084

Re: What To Do With My Car While in NYC

As someone who has been in a similar situation after residency and before starting an attending job, just wait until you don't need the car any longer and then sell it. Prioritize minimizing hassle. You will be busy, and this car sounds like a fairly inexpensive car. Take the small gain or small los...

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