Search found 8875 matches

by letsgobobby
Wed May 25, 2016 3:23 pm
Forum: Investing - Theory, News & General
Topic: Can I just let my money compound now?
Replies: 36
Views: 2505

Re: Can I just let my money compound now?

anything's possible, but I wouldn't bet on it. If you put it all in equities and get a fortuitous 7% real for the next 40 years, you'd have $1.5 million in purchasing power at age 65. That'd certainly be enough. And that is the historic return of the S&P, give or take. But stock valuations are i...
by letsgobobby
Tue May 24, 2016 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20600

Re: Physician Retirement Savings

Me: 56, widowed, Pathologist in a university practice, income <$200K, 2 young adult kids, one recently graduated from an in-state university and gainfully employed in a biotech company, headed for med school, second currently a rising junior at an "out-of-state" state university, headed f...
by letsgobobby
Mon May 23, 2016 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp: How long do you trust your company?
Replies: 47
Views: 3759

Re: Deferred Comp: How long do you trust your company?

However many of these high income individuals will have other sources of income which use up their lower tax brackets: social security, pensions, maturing savings bonds, RMDs. I suspect the gain is typically less than you have calculated.
by letsgobobby
Mon May 23, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp: How long do you trust your company?
Replies: 47
Views: 3759

Re: Deferred Comp: How long do you trust your company?

I work for a nationally known academic hospital with high credit rating. I think the odds of insolvency are much lower than many other risks involved with investing. If I change jobs, I will take the entire payout at once, withhold taxes and "rollover" to taxable. Few downsides with tax s...
by letsgobobby
Sun May 22, 2016 4:33 pm
Forum: Personal Consumer Issues
Topic: Trip to Portland, Oregon
Replies: 35
Views: 2208

Re: Trip to Portland, Oregon

Stay: Inn at Northrup Station Eat: Tasty n Sons See: Columbia River Gorge Second this. Tasty and Sons is highly underrated. Get there early for brunch/breakfast as there is a line before they open It's hard to call anything in the John Gorham universe 'underrated', both Tasty and Alder and Tasty an...
by letsgobobby
Sat May 21, 2016 10:23 am
Forum: Personal Consumer Issues
Topic: Trip to Portland, Oregon
Replies: 35
Views: 2208

Re: Trip to Portland, Oregon

Thanks for all of the great information. It looks like we have chosen the height of the tourist season. We are going to try to get rooms in a lodge in Olympic National Park. Thanks everyone. thirdman I haven't stayed at any of them but Quinault looks most intriguing. But kalaloch has the worst food...
by letsgobobby
Fri May 20, 2016 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: insuring landscaping, hardscaping, pools and patios, etc
Replies: 1
Views: 312

insuring landscaping, hardscaping, pools and patios, etc

My insurer (Amica) has told me they do not insure landscaping or hardscaping and there is no rider I can purchase to add it on. The best they offer is 'incidental coverage' if, for example, a fire consumes the house and destroys adjacent shrubs, then they allow $250-$500 per large shrub or tree (thi...
by letsgobobby
Fri May 20, 2016 5:22 pm
Forum: Personal Consumer Issues
Topic: Trip to Portland, Oregon
Replies: 35
Views: 2208

Re: Trip to Portland, Oregon

Also note July 4 weekend is a major blues festival and the 4th weekend in July is the Oregon Brewer's Festival, both very large events impacting traffic, hotel room availability, and general crowds (especially on the waterfront), but also providing good cultural opportunities if you're interested in...
by letsgobobby
Fri May 20, 2016 2:24 pm
Forum: Investing - Theory, News & General
Topic: safe alternative to stock market
Replies: 60
Views: 5332

Re: safe alternative to stock market

What is the safest alternative to the stock market , if somebody might need to access the money at any time, and the person is tired of the volatility and ups and downs of the stock market. Further, this person knows the market is at an all time high, and it must come down sometime... U.S. Treasury...
by letsgobobby
Fri May 20, 2016 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: New Physician Looking for Advice
Replies: 18
Views: 2109

Re: New Physician Looking for Advice

I think your setup is fine for your situation. Good early start.
by letsgobobby
Fri May 20, 2016 1:09 pm
Forum: Personal Consumer Issues
Topic: Trip to Portland, Oregon
Replies: 35
Views: 2208

Re: Trip to Portland, Oregon

Food: there are several "top 100" restaurant lists for PDX. Peruse them and find what you like. In general you'll do well eating Pacific Northwest style places, seafood, sandwich shops (Bunk, Lardo, etc), food carts, and if you want to try Andy Ricker's empire you can hit PokPok, etc - tho...
by letsgobobby
Thu May 19, 2016 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Special Considerations for High Net Worth? Advisor?
Replies: 40
Views: 2392

Re: Special Considerations for High Net Worth? Advisor?

Your first step should be to dump the advisor, thus demonstrating to yourself that you can manage your more modest sums now. Then as your money grows, you will have the confidence to continue to manage the money without an advisor siphoning off a fourth of your wealth, or more.
by letsgobobby
Thu May 19, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20600

Re: Physician Retirement Savings

10% of all docs (in this survey) have net worth > $2M by age 40.
by letsgobobby
Thu May 19, 2016 9:37 am
Forum: Personal Finance (Not Investing)
Topic: New tires for a 10 year old Camry
Replies: 16
Views: 1212

Re: New tires for a 10 year old Camry

between tire rack and consumer reports, both those tires should have many reviews you can peruse.
by letsgobobby
Wed May 18, 2016 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct 2015
Replies: 54
Views: 6156

Re: TaxAct 2015

I had to start my tax return over, because I accidentally deleted 2014 imported data. In the new return my fee is up to $25. Doesn't seem possible to get the original price using the new return, though I may shoot them an email to ask/plead. The new return is giving me a chance to lock in for 2016 f...
by letsgobobby
Wed May 18, 2016 3:11 pm
Forum: Personal Consumer Issues
Topic: Making an Outdoor Grill Last
Replies: 39
Views: 3015

Re: Making an Outdoor Grill Last

I am coming around to the "no cover" approach as well, if the grill is otherwise under an eave or overhang. We have a cheapo grill, it's about 11 years now. It has a superficial layer of rust but nothing structural. It will probably last another 10 years if we wanted it to. By 'cheapo' I m...
by letsgobobby
Wed May 18, 2016 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: A situation to consider leasing a car?
Replies: 16
Views: 1198

Re: A situation to consider leasing a car?

An option is to take over someone else's lease. You can sometimes find a decent deal if you're good at estimating the number of miles you'll drive. Swapalease is a website but there are others.
by letsgobobby
Wed May 18, 2016 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20600

Re: Physician Retirement Savings

Home sizes among all Americans have increased 50% since the 70s, physicians are not an exception. And in general society has become far more segregated economically and politically over the last two generations. Thus the best neighborhoods are much more distinct than they used to be and much more ho...
by letsgobobby
Tue May 17, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: selling classic car - tax?
Replies: 44
Views: 2692

Re: selling classic car - tax?

Why do you have to explain or report anything? You do not have a capital gain, thus you do not have a capital gains tax. If the IRS audits you, you'd then need to explain why you don't have a capital gain. Until then, just sell your car.

(Not a lawyer, standard disclaimer)
by letsgobobby
Tue May 17, 2016 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Seeking guidence on how to best proceed.
Replies: 7
Views: 363

Re: Seeking guidence on how to best proceed.

max 401k Backdoor Roth IRA - don't think you are eligible for traditional IRA since your income is $50k (expenses) plus $72k (savings) plus taxes I don't agree with 100% stocks for most people, perhaps you are the exception and at any rate, your savings rate makes your current portfolio small in the...
by letsgobobby
Mon May 16, 2016 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20600

Re: Physician Retirement Savings

Yes, dose of my own medicine. I have to thank Roosevelt, if he is still around, as he pointed me toward Peter Moskowitz and I benefitted greatly from one of his seminars. I now end early once a week to go to practices and games, and I take all of my vacation. It adds up to quite a bit of time off. I...
by letsgobobby
Mon May 16, 2016 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20600

Re: Physician Retirement Savings

Forgot to mention the irregular hours and how it takes me away from family and kids activities. The work day sucks for me as I have practically no breaks (sweatshop conditions), particularly on call which some would describe as Inhumane conditions. Oh, and if I speak up, there is a good chance that...
by letsgobobby
Mon May 16, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20600

Re: Physician Retirement Savings

yes, the risk of lawsuit is a special consideration in medicine. Even if most suits don't lead to negative financial outcomes, the process is emotionally exhausting, to say nothing of the time involved. When my dad was in his late 70s and still practicing, I gently urged him to consider the very rea...
by letsgobobby
Sat May 14, 2016 8:55 pm
Forum: Investing - Theory, News & General
Topic: Accelerating investing in a down or flat market
Replies: 7
Views: 1007

Re: Accelerating investing in a down or flat market

Stocks are flat for 2 years. Does that make them cheap?

It's always a good idea to invest more if you can.
by letsgobobby
Sat May 14, 2016 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: 3 Questions about using TaxACT with Vanguard 1099s?
Replies: 50
Views: 10063

Re: 3 Questions about using TaxACT with Vanguard 1099s?

Thanks, I will look those up. I own only a single non Vanguard fund or ETF, but I will be able to look that one up as well (SCHB, held at Fido). Elsewhere on the intrawebs it's been claimed that even though TA requires this information, it does not actually file 1116 unless required (more than $600 ...
by letsgobobby
Sat May 14, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20600

Re: Physician Retirement Savings

Realizing posters to this thread, and Bogleheads generally, are outliers, I'm still struck that seemingly every doc here is saving aggressively with a goal of "out, ASAP." "Out" could mean part time but no one's written that they would love to continue their work indefinitely if ...
by letsgobobby
Sat May 14, 2016 12:23 am
Forum: Investing - Help with Personal Investments
Topic: 3 Questions about using TaxACT with Vanguard 1099s?
Replies: 50
Views: 10063

Re: 3 Questions about using TaxACT with Vanguard 1099s?

This is an old thread but I am having exactly this problem. TaxAct is asking me to provide information so it can complete form 1116 even though we we will claim less than a $600 foreign tax credit. It is asking me to provide a breakdown of: Foreign source ordinary dividends: Foreign source qualified...
by letsgobobby
Fri May 13, 2016 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20600

Re: Physician Retirement Savings

As discussed in another thread, my goal is to be down to about 0.7 FTE in 3-4 years (about age 45 or 46)... enough to max out SS and cover all our expenses and save 20% of our income and let our portfolio grow untouched for another 20 years. That looks like about 5-6 days of work every 2 weeks, plus...
by letsgobobby
Fri May 13, 2016 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads invest their 529s?
Replies: 28
Views: 1852

Re: How do Bogleheads invest their 529s?

We have 100% in stocks, a mix of TSM, TISM, EM, value, small. So pretty aggressive. Kids are 6 and 9. May glide down in 4-5 years... may not. The threat of taking a loss in the 529s is not existential, so we take more risk compared to our retirement accounts (which are 60/40). We have about $100,000...
by letsgobobby
Fri May 13, 2016 9:19 am
Forum: Personal Consumer Issues
Topic: How much do you give your church for your membership?
Replies: 57
Views: 2230

Re: How much do you give your church for your membership?

Required membership dues are SOP at synagogues of all stripes. Family rates vary widely and I know approach 5 figures in large cities with affluent congregations. Now exactly how required is "required" is debatable. Hardship exceptions are standard. So is asking for and giving more. Religi...
by letsgobobby
Thu May 12, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20600

Re: Physician Retirement Savings

Request: I would love a working example of something Livesoft has described before of tax efficient placement of assets. For example, logistically, how do you manage keeping all of your equities in taxable account and your bonds in tax advantaged accounts - I understand if you need to sell some equ...
by letsgobobby
Thu May 12, 2016 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20600

Re: Physician Retirement Savings

Doc here, highly paid for my specialty but not compared to most docs. We are in our early 40's and have about 7x our gross household income saved. Which is around 24x our current annual spending level. For college we have saved in the low to mid six figures. My wife makes a modest salary working par...
by letsgobobby
Wed May 11, 2016 12:17 am
Forum: Personal Consumer Issues
Topic: Noise Reduction
Replies: 53
Views: 3818

Re: Noise Reduction

in the referenced house, being on the front side of the house where the office was, which was the side of the house away from the busy road, the noise was barely noticeable. This only makes sense, because it's farther from the noise (the width of the house) and also facing away from the source. But ...
by letsgobobby
Tue May 10, 2016 8:41 pm
Forum: Personal Consumer Issues
Topic: Noise Reduction
Replies: 53
Views: 3818

Re: Noise Reduction

soundproofing built into the original design still costs but it's more feasible. There's really no such thing as 'soundproofing', it's just degrees of sound reduction. But loading up the walls with green glue and two layers of sheetrock, floating the drywall or otherwise using floating channels, sta...
by letsgobobby
Tue May 10, 2016 6:58 pm
Forum: Personal Consumer Issues
Topic: Noise Reduction
Replies: 53
Views: 3818

Re: Noise Reduction

I have LIVED this. We built our first house backing to a two lane road. I had no experience with road noise. Suddenly I did. Our first night in our first house and I was wondering how long until I could convince my new wife to move. Answer: 8 years until we got out of there. Here's what I did...pla...
by letsgobobby
Tue May 10, 2016 5:01 pm
Forum: Personal Consumer Issues
Topic: 30 minute commute?
Replies: 80
Views: 6873

Re: 30 minute commute?

quality rather than quantity should be considered. I drive 40 miles each way but it takes 39 minutes and I never have traffic. I drive along the Columbia River and watch bald eagles and herons and geese congregate. Also consider the weather. Dry and warm but not hot is ideal. Well, I get mild and we...
by letsgobobby
Mon May 09, 2016 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: New house or Early Retirement?
Replies: 22
Views: 2687

Re: New house or Early Retirement?

If the market is this hot you should FSBO and cut your long time, trusted realtor out of the bargain. Instead of clearing $15k, you should clear closer to $25k.
by letsgobobby
Sun May 08, 2016 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: OK to let Nanny drive car?
Replies: 24
Views: 2907

Re: OK to let Nanny drive car?

We let our nanny drive our car from time to time. She was beyond trustworthy, mature, responsible, and had a clean driving record and background check, and we didn't let her drive til she'd been working with us for about 6 months. My sister let her nanny drive her car from time to time. Turned out h...
by letsgobobby
Sun May 08, 2016 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Career Finance vs Social Work
Replies: 21
Views: 3169

Re: Career Finance vs Social Work

There are almost no social workers making $150 per hour. Some may try to charge that, and some may even get a few clients, but most will discount their rates enormously and the standard fee from insurance will be closer to $50, or less. Throw in no shows, sliding scales, not having a full practice, ...
by letsgobobby
Sat May 07, 2016 9:33 am
Forum: Personal Consumer Issues
Topic: Sci-Fi ... your favorite movies and episodes??
Replies: 145
Views: 11957

Re: Sci-Fi ... your favorite movies and episodes??

I read The Bone Clocks by David Mitchell last summer. It was good overall, but a couple of the chapters were absolutely lyrical. It's well worth reading because the best writing is in the first part of the book, in my opinion.
by letsgobobby
Sat May 07, 2016 3:02 am
Forum: Personal Consumer Issues
Topic: Sci-Fi ... your favorite movies and episodes??
Replies: 145
Views: 11957

Re: Sci-Fi ... your favorite movies and episodes??

Haven't seen 12 Monkeys mentioned (The movie). The usual suspects (ie, BladeRunner, Star Wars V, etc., - not the movie The Usual Suspects). Earth Abides - George Stewart - does that count as Sci Fi? I liked it better than others of the genre. The Road. Again, not sure these are truly sci fi. I have ...
by letsgobobby
Fri May 06, 2016 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: How to spend a windfall/inheritance. Help please.
Replies: 10
Views: 1419

Re: How to spend a windfall/inheritance. Help please.

there is almost no reason to invest in a taxable account while not maxing out your retirement plans. Max out every plan. Use your income to live on and supplement with the inheritance as needed. I would bump up my emergency fund and wipe out the loans with the rest. Have the baby and see how you fee...
by letsgobobby
Fri May 06, 2016 10:15 am
Forum: Investing - Theory, News & General
Topic: Retirees: Who's not changing their AA, ever?
Replies: 46
Views: 3829

Re: Retirees: Who's not changing their AA, ever?

We are 41.5 now with goal of partial retirement in ~3 years and full retirement by our early 60s. Never say never, but I'm comfortable with 60/40 and see this being sustainable for the very long run. This mindset, however, requires a pretty low SWR of ~3%. If I need to be up around 4%, I will probab...
by letsgobobby
Thu May 05, 2016 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Quitting too early? Firecalc comments
Replies: 21
Views: 3608

Re: Quitting too early? Firecalc comments

FYI my stocks are 60% international to mitigate single country, i.e. USA risk. Firecalc doesn't have any international stocks in its calculations, as far as I know. So it didn't calculate a 100% success for you. It calculated a 100% success for a 100%-US based portfolio. Thank you, that is an excel...
by letsgobobby
Thu May 05, 2016 12:23 am
Forum: Personal Consumer Issues
Topic: Fence Building: Soaking cedar fence posts in preservative?
Replies: 24
Views: 1561

Re: Fence Building: Soaking cedar fence posts in preservative?

FWIW: I put up a fence in the late 80's. I had no experience when I built it, but read up on it. This is what I did: Hole was 6 inches deeper than the bottom of the post. Gravel at the bottom of the hole (6 inches), plus a little more (couple inches) around the side after the post was in the hole. ...
by letsgobobby
Wed May 04, 2016 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting too early? Firecalc comments
Replies: 21
Views: 3608

Re: Quitting too early? Firecalc comments

FYI my stocks are 60% international to mitigate single country, i.e. USA risk.
by letsgobobby
Wed May 04, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting too early? Firecalc comments
Replies: 21
Views: 3608

Re: Quitting too early? Firecalc comments

If you save less, then that means you spend more. If you spend more, then your expenses go up. Are you increasing your retirement expenses in the same runs that you save less? To re-iterate: Great savers spend less, so they need less in retirement. Mostly though, make less. Any saving less would be...
by letsgobobby
Wed May 04, 2016 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting too early? Firecalc comments
Replies: 21
Views: 3608

Re: Quitting too early? Firecalc comments

Are there any other calculators or models which would be better to use, or complement Firecalc?

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