Search found 9228 matches

by letsgobobby
Wed Aug 24, 2016 10:51 pm
Forum: Personal Consumer Issues
Topic: What is your system for dealing with coins?
Replies: 99
Views: 4969

Re: What is your system for dealing with coins?

About 15 years ago we saved all our coins over the course of the year, then splurged on a mini-vacation paid for, literally, in change. Usually $200 was enough to get a cheap couple nights in a hotel near King's Canyon and go hiking for 3 days, have a couple meals out, pay for gas. Now we collect co...
by letsgobobby
Wed Aug 24, 2016 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with pros/cons for buying a 1M investment property in LA
Replies: 24
Views: 1021

Re: Help me with pros/cons for buying a 1M investment property in LA

Sounds like a horrible, terrible, no-good idea. The 1.7 M in bonds - I'm with you there. If you want to risk the other 1 M in a broadly diversified investment comprising stocks, real estate, etc., I'd be ok with that. But taking 1 M and plopping in down in a single LA condo to 'pocket the rental inc...
by letsgobobby
Wed Aug 24, 2016 8:35 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1773
Views: 422815

Re: What Book Are You Currently Reading? Part VI

The Art of Fielding - Harbach - Story of a supremely talented shortstop at a small time college - but in the end, only peripherally about baseball. The writing is straightforward, the characters developed to variable depth, some of the plotlines left dangling at the end; yet I read the book very eag...
by letsgobobby
Wed Aug 24, 2016 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?
Replies: 42
Views: 2082

Re: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?

Interesting, I have a large small cap position in my taxable account with large cap gains. I decided not to reinvest any distributions but it is such a small percentage of my total equities that I have not decided to take cap gains to reduce or eliminate it. I am well into retirement but you may ha...
by letsgobobby
Sun Aug 21, 2016 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?
Replies: 42
Views: 2082

Re: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?

I am in a similar position as the OP only with US large cap stocks. And none of the suggestions will help. I have no more carry forward losses; donations to our DAF, new money, and dividends reinvested elsewhere will not be nearly enough alone to rebalance; I already use spec ID. No adult kids yet,...
by letsgobobby
Sun Aug 21, 2016 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?
Replies: 42
Views: 2082

Re: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?

I am in a similar position as the OP only with US large cap stocks. And none of the suggestions will help. I have no more carry forward losses; donations to our DAF, new money, and dividends reinvested elsewhere will not be nearly enough alone to rebalance; I already use spec ID. No adult kids yet, ...
by letsgobobby
Sat Aug 20, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 57
Views: 3329

Re: Can I afford a new car?

slayed wrote: someone who is feeling "behind" on saving does not go out and buy a new car that costs around half of their yearly salary.

On the other hand that could explain why he's behind on retirement.
by letsgobobby
Sat Aug 20, 2016 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Are we there yet?
Replies: 34
Views: 4795

Re: Are we there yet?

You are only in the 28% tax bracket and yet able to save $100,000 per year. Do you have an option of significantly reducing your work hours, going part-time or job sharing, such that you would save, say, $36,000 per year (maxing out 401ks) but no longer saving $60-$70,000 per year in taxable? That w...
by letsgobobby
Sat Aug 20, 2016 9:36 am
Forum: Personal Consumer Issues
Topic: Has a SUV helped anyone's back?
Replies: 22
Views: 1312

Re: Has a SUV helped anyone's back?

Does your seat adjust to elevate in the back? This opens the hip angle and might help. This would be the bigger factor as compared to the specific vehicle you are driving.
by letsgobobby
Sat Aug 20, 2016 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 57
Views: 3329

Re: Can I afford a new car?

The Honda Accord is considered one of the best and most reliable cars ever sold in America; it's been on Car and Drivers 10 best list forever; and you want to get rid of yours after 7 years and 100k miles. Yet you want us to believe you will drive a 4Runner for 10 or more years? I do not believe you...
by letsgobobby
Sat Aug 20, 2016 9:00 am
Forum: Investing - Theory, News & General
Topic: High RMD’s, would you do anything different?
Replies: 54
Views: 4680

Re: High RMD’s, would you do anything different?

An additional factor to consider is higher Medicare premiums as your income exceeds certain thresholds. Since those thresholds are not adjusted for inflation, every year more taxpayers will pay higher premiums.
by letsgobobby
Sat Aug 20, 2016 2:05 am
Forum: Investing - Help with Personal Investments
Topic: Reconsidering glide path
Replies: 11
Views: 1208

Re: Reconsidering glide path

So when I first got into this I had no idea how to set up a glide path so I copied Vanguard's Target Retirement glide path. (In fact, I started out by investing in a Target Retirement fund, and only later switched to a three fund portfolio in order to have flexibility to do things like tax-loss har...
by letsgobobby
Fri Aug 19, 2016 9:41 pm
Forum: Investing - Theory, News & General
Topic: High RMD’s, would you do anything different?
Replies: 54
Views: 4680

Re: High RMD’s, would you do anything different?

I would say the idea is to 1. Retire early and 2. Live off of taxable account while paying little to no taxes and 3. Doing 401(k)/IRA to Roth IRA conversions while in that low tax bracket every year until RMD age, so that 4. At RMD age, you can make QCDs and not 5. Have to pay any taxes while 6. Li...
by letsgobobby
Fri Aug 19, 2016 9:09 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4429

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

In this case, the facts as presented represent a real error and an opportunity for process/quality improvement, both. This is actually a win-win for the hospital: no one is harmed in any permanent way, no out of pocket costs are incurred, and they have the opportunity to prevent the real possibility...
by letsgobobby
Fri Aug 19, 2016 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Salt Lake City Housing Market
Replies: 7
Views: 921

Re: Salt Lake City Housing Market

It could really depend on which street they are on in that location as it can vary greatly. I sell in an area close to here, but know some agents who know the Avenues/UofU/downtown areas incredibly well if you need a few names to take care of them. Unless it's already been renovated, they may not w...
by letsgobobby
Fri Aug 19, 2016 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Large amount of home equity - tempting to cash out and FIRE?
Replies: 57
Views: 4095

Re: Large amount of home equity - tempting to cash out and FIRE?

Other things causing me to get hung up...we would only really want to move to an area that is neutral to liberal leaning (so passing on places like TX, etc). We are also spoiled by the weather here. I always think the Pacific Northwest sounds cool but I get worried about the "concrete sky"...
by letsgobobby
Fri Aug 19, 2016 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Large amount of home equity - tempting to cash out and FIRE?
Replies: 57
Views: 4095

Re: Large amount of home equity - tempting to cash out and FIRE?

Maybe find a middle road. Cash out and move somewhere nice but far less expensive. Follow a passion or work only part time. Develop new hobbies which might lead to some income. I think the SoCal lifestyle is overrated and left 13 years ago without any home equity and without any regrets. If someone ...
by letsgobobby
Fri Aug 19, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Salt Lake City Housing Market
Replies: 7
Views: 921

Salt Lake City Housing Market

My sister lives in zip code 84108, not sure of the neighborhood name but it is a very nice area, on the hill, right near Hogle zoo and 5 minutes from the hospital. My parents want to buy a home near her, in that area, and there seem to be 2 options. Older homes without much updating; and brand new f...
by letsgobobby
Fri Aug 19, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house....
Replies: 19
Views: 1577

Re: Would you buy a house....

Another similar situation is living right across from an elementary school. Some people hate the noise and traffic but I enjoy it. The disruptions are very limited in hours (ie, 7:45-8:45 and 2:15-3:15), days of the week (M-F excluding holidays), and months of the year. The noise is a joyful, happy ...
by letsgobobby
Fri Aug 19, 2016 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Ultra aggressive index portfolio for a 30 yo with high risk tolerance?
Replies: 47
Views: 3865

Re: Ultra aggressive index portfolio for a 30 yo with high risk tolerance?

I think you're going to stop getting a lot of responses, not because you are right, but because you seem intent on proving other people wrong. To summarize, you are young, inexperienced, and have relatively little money invested. You believe you are invincible, or immortal, or pretty close, and you ...
by letsgobobby
Thu Aug 18, 2016 11:16 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4429

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

Not to cause a stink, but how is this thread still allowed? It started out as a reasonable request for advice as a consumer, but has turned into a medical advice forum by doctors and non doctors. Threads discussing much less then this thas been shut down in record time. Is someone asleep at the whe...
by letsgobobby
Thu Aug 18, 2016 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Ultra aggressive index portfolio for a 30 yo with high risk tolerance?
Replies: 47
Views: 3865

Re: Ultra aggressive index portfolio for a 30 yo with high risk tolerance?

Nah, I won't be leveraging, I'm not that aggressive. I'm ok with just putting the money in market and sitting tight. I think 90% stocks 10% bonds should do it for now. Just need to decide on broker and if to include international stocks. Were you investing in 2007-09? What did you do with your inve...
by letsgobobby
Thu Aug 18, 2016 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house....
Replies: 19
Views: 1577

Re: Would you buy a house....

going to be a very personal decision. We bought a house once and it turned out to be on a very busy county road. Trucks roaring by at 50-60 mph all night. Couldn't sleep a wink, sold the house. Our current house is a block from a large park and on a through street, but traffic itself is minimal and ...
by letsgobobby
Thu Aug 18, 2016 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Ultra aggressive index portfolio for a 30 yo with high risk tolerance?
Replies: 47
Views: 3865

Re: Ultra aggressive index portfolio for a 30 yo with high risk tolerance?

...I did two tests that led me to this consideration... the Vanguard recommendation test [suggested] 60% Vanguard Total Stock Market Index Fund Investor Shares (VTSMX), 40% Vanguard Total International Stock Index Fund Investor Shares (VGTSX)... the IFA risk tolerance survey site [results were]... ...
by letsgobobby
Thu Aug 18, 2016 8:11 am
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4429

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

4nursebee wrote:As far as getting facts, the OP needs to provide more detail.

Tylenol has warning label about this exact issue.

True for OTC. Not sure about an RX.
by letsgobobby
Thu Aug 18, 2016 12:49 am
Forum: Investing - Help with Personal Investments
Topic: Feedback on Donor Advised Fund allocation
Replies: 10
Views: 522

Re: Feedback on Donor Advised Fund allocation

We are 40% international stocks, 30% domestic stocks, 30% US bond index. We donate in proportion to our holdings.
by letsgobobby
Thu Aug 18, 2016 12:48 am
Forum: Investing - Theory, News & General
Topic: Thoughts on having higher bond allocation in portfolio to "buy the dip" when stock drop occurs by rebalancing?
Replies: 15
Views: 1079

Re: Thoughts on having higher bond allocation in portfolio to "buy the dip" when stock drop occurs by rebalancing?

Does it make sense to hold a relatively higher allocation of bonds in your portfolio than you normally should to sell them during stock recessions to buy the dip? For example, holding 60% stocks and 40% bonds, then, during the next market recession, having the SPY drop 30% or so, simply selling 30%...
by letsgobobby
Thu Aug 18, 2016 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Keep working and how much beach house?
Replies: 30
Views: 2893

Re: Keep working and how much beach house?

We toyed with a mountain cabin for several years before opting against. Our kids are only 6 and 9 and already spend significant weekend time in activities (soccer, baseball, dance, rock climbing) and with friends. We travel much less than we used to and certainly wouldn't be able to take them with u...
by letsgobobby
Wed Aug 17, 2016 11:04 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4429

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

I would be surprised if today's EMRs would allow to print out discharge medications, that would lead to an overdose - the big players such as Epic or Centricity essentially don't allow you to write for a too high Tylenol dose or any other drug for that matter. Putting aside prohibited medical facts...
by letsgobobby
Wed Aug 17, 2016 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Keep working and how much beach house?
Replies: 30
Views: 2893

Re: Keep working and how much beach house?

Biggest factor would be: how close is it?

I have read that a 2nd home more than 3 hours away is typically not used enough to be worthwhile.

You also have not provided any financial details so I don't think any of the responses will be all that detailed.
by letsgobobby
Wed Aug 17, 2016 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Borrowing money to invest. Good idea?
Replies: 68
Views: 4205

Re: Borrowing money to invest. Good idea?

Bad idea. I can think of worse ones - like, I don't know, speculating on raw land when you have no particular experience or knowledge about land development - but this is pretty bad. Why? Is having bought a house with a mortgage then buying stocks with your pay just as bad an idea? Earl Yes, for ma...
by letsgobobby
Wed Aug 17, 2016 4:33 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4429

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

I'm not in academics but that is a good point. Still, the hospital grants privileges to the physicians so they can't wash their hands so easily. Don't take this to be legal advice, obviously. This is simply the most productive approach where I work.
by letsgobobby
Wed Aug 17, 2016 4:21 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4429

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

I'm a physician and have sat on risk management and patient outreach committees. The successful approach at our hospital would be along the lines of, thank you for the care. I am so glad you saved my son's life because the Tylenol could have killed him. I am willing to not sue you for malpractice if...
by letsgobobby
Wed Aug 17, 2016 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Little-used second home: sell at a loss or rent?
Replies: 26
Views: 1949

Re: Little-used second home: sell at a loss or rent?

Unless you think you'll use it much more after retirement, sell and move on. It doesn't get enough rental income to be a good investment.
by letsgobobby
Wed Aug 17, 2016 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 500K in taxable account?
Replies: 3
Views: 586

Re: What to do with 500K in taxable account?

70/30 is reasonable but still might be too aggressive for you. Think 50/50 would be any easier? DCA is fine. Just do it within no more than six months or you're not DCA, you're procrastinating. Think about your entire portfolio as one to optimize fund placement and minimize fees and taxes. Post in t...
by letsgobobby
Wed Aug 17, 2016 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Borrowing money to invest. Good idea?
Replies: 68
Views: 4205

Re: Borrowing money to invest. Good idea?

Bad idea. I can think of worse ones - like, I don't know, speculating on raw land when you have no particular experience or knowledge about land development - but this is pretty bad.

Better idea would be to stay a good course, or pay your debt off earning a guaranteed 4% return.
by letsgobobby
Wed Aug 17, 2016 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone else getting nervous and converting to cash as a short-term move?
Replies: 101
Views: 7397

Re: Anyone else getting nervous and converting to cash as a short-term move?

Anyways, maybe I'll just stop listening to the voices in my head and buy in right now because in 20 years when I retire the Dow will be at something a lot higher and I'll think back to this juncture with a smile ;) Thanks! That's the idea! If you absolutely can't stomach it, just average in over a ...
by letsgobobby
Wed Aug 17, 2016 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Finally, got help with Portfolio, and don't worry much about it anymore
Replies: 11
Views: 1433

Re: Finally, got help with Portfolio, and don't worry much about it anymore

Is it ideal to have total bond in your taxable brokerage account? We are not worried about the small stuff like Tax. I am in the 15% tax bracket. He even kept the accounts separate to make it simpler. TSP and Brokerage account are separate and simple. tax isn't always small stuff. In your case you ...
by letsgobobby
Wed Aug 17, 2016 12:54 am
Forum: Investing - Help with Personal Investments
Topic: Anyone else getting nervous and converting to cash as a short-term move?
Replies: 101
Views: 7397

Re: Anyone else getting nervous and converting to cash as a short-term move?

Ari wrote:The only part of the market that seems overvalued is US equities. That's only 20% of my portfolio, so I don't feel especially nervous, no.

Bonds seem pretty rich.
by letsgobobby
Tue Aug 16, 2016 11:20 pm
Forum: Personal Consumer Issues
Topic: vacation ideas - October
Replies: 42
Views: 3210

Re: vacation ideas - October

we tend to want more to do at night, plays, concerts, dinners out by the water. so why is everyone suggesting the Great Smoky Mountains, the North Carolina Mountains, Traverse City/UP, the beach at Hilton Head, and fall colors in New England? I'd suggest: Stratford festival, Stratford, ON Quebec Ci...
by letsgobobby
Tue Aug 16, 2016 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone else getting nervous and converting to cash as a short-term move?
Replies: 101
Views: 7397

Re: Anyone else getting nervous and converting to cash as a short-term move?

Not nervous. I know the market hit an all time high recently but haven't checked either my portfolio or the actual stock market numbers themselves in many weeks. I see that my asset allocation is drifting just a little higher than target: I am 65/35 rather than the goal of 60/40-63/37 (it's complica...
by letsgobobby
Tue Aug 16, 2016 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of my debt vs using tax advantaged space - which is better?
Replies: 18
Views: 1194

Re: Getting out of my debt vs using tax advantaged space - which is better?

No explanation needed as to how you got in - more helpful would be a clear, concrete, written plan to get out. If you don't know Dave Ramsey, it was a serious suggestion because I think he does help folks see clearly about debt. Ignore him for investing but for debt-reduction you could do much worse...
by letsgobobby
Tue Aug 16, 2016 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of my debt vs using tax advantaged space - which is better?
Replies: 18
Views: 1194

Re: Getting out of my debt vs using tax advantaged space - which is better?

boy, I'd be stressed too. You owe $500k+ on a salary of $113k.

When you are you going to change your lifestyle to match your income?

You might benefit from a Dave Ramsey plan. I'm not sure I hear any urgency in your (albeit short) post. Your situation is quite dire (based on what you've posted).
by letsgobobby
Tue Aug 16, 2016 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: what to buy when stock market is a new high?
Replies: 37
Views: 5227

Re: what to buy when stock market is a new high?

Thanks all for great help! Yes, the $150k is from a roll over IRA account. I am learning and starting my asset allocation. I understand now that we should not try to time the market, so I will just use this $150k tomorrow - stay in the course, and buy funds per my defined asset allocation. In the l...
by letsgobobby
Mon Aug 15, 2016 5:09 pm
Forum: Personal Consumer Issues
Topic: ITunes app for kids gadget time limits
Replies: 9
Views: 579

Re: ITunes app for kids gadget time limits

I do. And I also have places in my house where such devices are kept out of reach when not in use....it's not hard. I also firmly believe that I'm the boss, not them :-) :beer Same here. When my 4-yo flips out that ipad time is over that just means it will be much longer for him to get it again. Wh...
by letsgobobby
Mon Aug 15, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: real estate housing question/dilema
Replies: 13
Views: 1202

Re: real estate housing question/dilema

But $850 is not how much you pay to live now. You also pay taxes, insurance, maintenance, repairs, utilities, yard work or landscaping, HOA maybe more, maybe less.

If you like the developing neighborhood I would either sell and live in your condo and boot out your renters, or just wait it out.
by letsgobobby
Mon Aug 15, 2016 11:30 am
Forum: Personal Consumer Issues
Topic: ITunes app for kids gadget time limits
Replies: 9
Views: 579

Re: ITunes app for kids gadget time limits

zimmer0 wrote:no app needed, take the devices away...kick them outside. :sharebeer

Do you have kids?
by letsgobobby
Mon Aug 15, 2016 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 252
Views: 26530

Re: Self-made Millionaires: how did hitting 7 figures change you?

We planned to move to a better school district and buy a larger house. Took a few more trips and just generally stopped living like a resident.
by letsgobobby
Mon Aug 15, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Taking money out of a 529 - pros/cons of different approaches?
Replies: 6
Views: 717

Re: Taking money out of a 529 - pros/cons of different approaches?

Isn't OP double counting the scholarship? Or did he mean to say loan, not scholarship?

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