Search found 318 matches

by tphp99
Fri Dec 09, 2016 3:11 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 205
Views: 5202

Re: Explain why Rebalancing isn't Market Timing?

avalpert wrote: If anything, the data I have seen shows the opposite - method #2 produces superior returns to method #1


How's that credible data when we all agree that we don't know what the market will do in the next ___ yrs?
by tphp99
Fri Dec 09, 2016 10:15 am
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 205
Views: 5202

Re: Explain why Rebalancing isn't Market Timing?

You say tomato, I say tomahto. Call me anything you want, except late to dinner. They're just words right? Fact is no one knows what the market will do. I never understood the importance of rebalancing. AA is at best arbitrary, no? There's no guarantee that your nest egg will grow X% in 5, 10...30 ...
by tphp99
Fri Dec 09, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Should you retire early or keep working?
Replies: 24
Views: 2599

Re: Should you retire early or keep working?

So people should keep their jobs despite financial independence so they have a good answer for "what do you do?" at a party, and so others can properly place them in some social hierarchy. That article made me a bit sad for humanity. It did the opposite for me. Glad to know there are othe...
by tphp99
Fri Dec 09, 2016 5:55 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 82
Views: 6487

Re: Retiring in a Decade after Graduation

working ...... for the man but not me. I have seen what it does to a person and it's not pretty. ......I mainly want to be able to live life on my own terms and not on my bosses Sounds like you want a job that would be perhaps more fullfilling? You are looking for a way out of working "for the...
by tphp99
Thu Dec 08, 2016 5:25 am
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 151
Views: 15177

Re: Retirement with $8M in investments

Has anyone noticed that the OP has not responded after 3 days? He's been replaced by RAchip. :idea: X10 OP needs $8M RAchip needs $80M It's all relative with money, isn't it? Makes for enjoyable reading, people wanting to retire on $25K/yr vs people needing north of $1M. Which one makes you cringe?
by tphp99
Fri Dec 02, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10070

Re: Feeling like you've "made it"

And I was more anxious than ever , primarily because I didn't have any more big goals to try to achieve. It seemed almost selfish to strive for more when I already have so much, but that sense of progress and accomplishment was what had always soothed and energized me before. I was less motivated a...
by tphp99
Fri Dec 02, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10070

Re: Feeling like you've "made it"

warner25, Unfortunately, I think you're just wired that way. Use it to your advantage, don't let it be a stress, but strength. I find difficulties in easing off, now in my 40s, financially independent, can retire but will not because I know I'll go crazy. The key is to find ways to ease your anxiety...
by tphp99
Thu Dec 01, 2016 5:17 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 6091

Re: Should I buy a new car for safety's sake?

Should I buy a new car for safety's sake? NO!!!! New car is the worst use of your money. I don't get this. Driving is dangerous. I see a lot of debilitated patients from MVAs. I bet they wish they were either in a better car, paid more attention or had not been on the road all together when their l...
by tphp99
Thu Dec 01, 2016 5:09 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 6091

Re: Should I buy a new car for safety's sake?

I'm late to the party but I think watching these two short crash videos do a great job of showing the difference between a modern car and an older model. 21015 Nissan Tsuru (basically a 1992 Nissan Sentra) vs 2016 Nissan Versa https://www.youtube.com/watch?v=85OysZ_4lp0 This one is a few years old:...
by tphp99
Wed Nov 30, 2016 11:30 am
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 6091

Re: Should I buy a new car for safety's sake?

Really surprised how many people think a 10, 20 y.o. car is on par in term of safety with today's modern vehicles. And as long as you're not in one of those tiny smart cars. It's scary to see one next to a full size truck/suv. We're in 'redneck' country and there are so many lifted 4x4 full size tru...
by tphp99
Wed Nov 23, 2016 9:48 am
Forum: Personal Consumer Issues
Topic: Company truck - Nissan Frontier vs. F-150
Replies: 19
Views: 1408

Re: Company truck - Nissan Frontier vs. F-150

tim1999 wrote:My boss is steering me towards the Frontier...


You know the answer to this one.
by tphp99
Wed Nov 23, 2016 1:36 am
Forum: Personal Consumer Issues
Topic: Karate/Taekwondo for an 8 year old?
Replies: 35
Views: 1698

Re: Karate/Taekwondo for an 8 year old?

FWIW, I did kenpo for 10+ years and was secondarily involved in a number of other martial arts over the years as well. If your/her goal is self defense, I'd suggest Brazilian Jiu-Jitsu. Her likely attacker would be bigger and stronger than she is, and women are more likely to be grabbed than have s...
by tphp99
Wed Nov 23, 2016 1:24 am
Forum: Personal Consumer Issues
Topic: Karate/Taekwondo for an 8 year old?
Replies: 35
Views: 1698

Re: Karate/Taekwondo for an 8 year old?

OP, are you looking at this more as a way to teach your children self defense or a way to keep your children active after soccer? I would have just let him take a break, although I was not opposed to him trying something new during the break between sports. I think for me, the self defense would pr...
by tphp99
Wed Nov 23, 2016 1:04 am
Forum: Personal Consumer Issues
Topic: Karate/Taekwondo for an 8 year old?
Replies: 35
Views: 1698

Re: Karate/Taekwondo for an 8 year old?

I studied under an old-school Taekwondo/Hapkido grandmaster and his policy was: you get in a fight in school, you're out. There was a lot of emphasis on school grades and discipline. I stayed with it from age 10 to 28 and it taught me one thing: avoid fights at all cost. Yes, Taekwondo is an art for...
by tphp99
Wed Nov 23, 2016 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 6543

Re: Double Check Figures: Affording $1M Home

We bought a bigger home while my wife was pregnant with our second child. Same line of thinking: better school, bigger yard, nicer neighborhood, great deal on the dream home, etc. Then one of the prenatal tests came back iffy (forgot exactly because the child is fine now, maybe it was the AFP) and i...
by tphp99
Sat Nov 12, 2016 6:19 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25823

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

So the joker who wrote this article pretends that people don't know he has money? Pardon me, if you have enough to get through medical school and have been practicing as a private practice physician in this country any length of time, I know darn well you have money, no matter what kind of car you ...
by tphp99
Sat Nov 12, 2016 5:42 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 21005

Re: How to retire early (in your 30s or 40s)?

Clearly our society does not want doctors practicing medicine. It's all perspective. I was getting burned out and thought about making drastic changes. But talking about it with one of the senior docs who seems to be plugging along, immune to the BS, and he said to me "There are ton of people ...
by tphp99
Fri Nov 04, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 21005

Re: How to retire early (in your 30s or 40s)?

staythecourse wrote:
I am planning on it in mid to late 40's if I can find something else to do that is more worthwhile then taking care of my patients.

Good luck.


But that's simply changing career. You're not exactly retiring.
by tphp99
Fri Nov 04, 2016 2:00 pm
Forum: Personal Consumer Issues
Topic: How much home can/should one buy?
Replies: 144
Views: 8767

Re: How much home can/should one buy?

Folks, Rule #1 -> PITI has to be lower than Rent Rule #2 -> The house price has to be 1/2 or 1/3 or less than other assets. If your asset is X, the house price needs to be X/2 or lower. KlangFool Not sure why you push this agenda. We've lived rent free for the past 19 years because we've purchase o...
by tphp99
Fri Nov 04, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 21005

Re: How to retire early (in your 30s or 40s)?

Observation: Group1: start a successful business, sell off the business, make a boat load and decide to take a time off, but chances are they have another idea for their next venture. These people are not designed to sit idle and retire in their 30s. Group2: never liked working, saves up a few bucks...
by tphp99
Fri Nov 04, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 21005

Re: How to retire early (in your 30s or 40s)?

I would be surprised if someone put in all those years of work to be trained as a physician only to retire 10 years after becoming one.... I wouldn't be so sure about that... Physician Agreed. You will see MANY young physicians retire as early as possible. ..... Why work if you don't need to in a j...
by tphp99
Fri Nov 04, 2016 5:47 am
Forum: Personal Consumer Issues
Topic: Buying an Audi A4
Replies: 73
Views: 4800

Re: Buying an Audi A4

What terrifies me... That statement says to not buy the A4. I was in the same boat, hated the nickel and dime (more like hundreds and thousands) with Mercedes service. We started leasing BMWs - no maintenance costs. On our third BMW lease and surprisingly, they've been pretty reliable. best way to ...
by tphp99
Sat Oct 22, 2016 6:09 am
Forum: Personal Consumer Issues
Topic: Cheapskate for not flying business class?
Replies: 81
Views: 6089

Re: Cheapskate for not flying business class?

I am worth around 8 figures and my friends/relatives accuse me for being a miser. Am I? Pardon my asking, what are you saving for? What are your goals? Have you not enough money to realize those goals? This is not to be snarky, please. We grapple with similar questions. There are times when we splu...
by tphp99
Sun Sep 25, 2016 7:10 am
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 148
Views: 11552

Re: Should I lease a Tesla?

Considering my first office is literally 1 block away from my house I plan to count both the to and from distance as business expenses. Secondly I'd only be stupid if I had a Tesla charging station in my garage, (but of course You don't need that to charge your car in your garage). Finally I would ...
by tphp99
Fri Sep 16, 2016 1:50 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 928
Views: 145126

Re: Tesla S

I far prefer driving experience of a BMW, Mercedes, or Tesla over a hyundai or honda, regardless of repairs. That makes sense.. I'd be pretty irritated though if my expensive car broke down twice as much a cheap car. I mean, it's a perfectly rational decision to pay extra for quality. But when you ...
by tphp99
Sat Jul 23, 2016 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy
Replies: 10
Views: 1349

Re: Tax Strategy

#Cruncher,
Thank you so much for crunching those #s :)
That's so cool to able to receive those QDI/LTCG at 0% tax. I'm so glad I asked that question here.
by tphp99
Fri Jul 22, 2016 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy
Replies: 10
Views: 1349

Re: Tax Strategy

Livesoft, I use Turbotax but have no idea how to do a simulation for future returns? Some background info to be clear: We are trying to account for taxes if we retire early. We have QDI and whatever gains the mutual funds generate, rental income and plan on selling stocks as needed for spending (fro...
by tphp99
Thu Jul 21, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy
Replies: 10
Views: 1349

Re: Tax Strategy

#Cruncher, Thanks for the link to tax caster, very cool, been playing with it for past hour. But I have to admit, I'm a tax dummy and am getting a bit confused. How does rental income play into this, even though the depreciation has meant we pay no taxes for now. But in "retirement" does t...
by tphp99
Thu Jul 21, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy
Replies: 10
Views: 1349

Tax Strategy

This is not about avoiding taxes obviously. This question is more for tax planning. How do qualified dividends affect my ability to do a Roth conversion? Since it's taxed as income, does that amount count towards my income during the years I plan to convert my 401K money into Roth? I plan to stop wo...
by tphp99
Mon Jul 18, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?
Replies: 66
Views: 7423

Re: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?

JMLA, Your children are be small enough to do fun stuff with at this point and you can really enjoy the time off with them and your spouse. But there in lies your problem, your expenses will increase as you spend less time at work and more time at "play". Is there a way to balance your wor...
by tphp99
Wed Jun 15, 2016 4:58 pm
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 118
Views: 12102

Re: Any Porsche 911 owners here?

I love Porsche and I want to fulfill my dream of owning one someday. Porsche 911 was my dream car until I drove/leased the 991 C4S for two years. It was a great car but not that great. I will not be getting another 911. Food for thought... there is no doubt the 911 is a dream car. But I feel it has...
by tphp99
Wed Jun 15, 2016 4:39 pm
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 118
Views: 12102

Re: Any Porsche 911 owners here?

dbphd wrote:
Boglegrappler wrote: An autonomous Tesla might be for me when I reach 95.


Best car guy quote ever.
by tphp99
Sat May 28, 2016 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth - goof
Replies: 9
Views: 666

Re: Backdoor Roth - goof

retirejg, Thank you so much for your help. Here's the story 2013 5500 each His and Her IRAs (first year - no other IRAs - finally got everything rolled into our 401Ks) 2014 5500 each His and Her IRAs 2015 5500 each His and Her IRAs 2013 FORM 8606 line 1 5,500 line 2 0 line 3 5,500 line 4 5,500 line ...
by tphp99
Sat May 28, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth - goof
Replies: 9
Views: 666

Re: Backdoor Roth - goof

You may have 2 problems. Or maybe just one. The first thing is to determine if you did the contributions correctly. You had to specify to the IRA custodian $5,500 to His 2013 IRA, $5,500 to Her 2013 IRA, $5,500 to His 2014 IRA, and $5,500 to Her 2014 IRA. You can't just "figure" the money...
by tphp99
Sat May 28, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth - goof
Replies: 9
Views: 666

Re: Backdoor Roth - goof

The problem was when I did our 2013 taxes, I didn’t know what to do with that 2014 FORM 1099-R from Vanguard, so I ignored it (oops). This makes me wonder. The dates as you stated them don't make sense to me. You should have done your 2013 in early 2014. There would not have been any Form 1099 gene...
by tphp99
Sat May 28, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth - goof
Replies: 9
Views: 666

Backdoor Roth - goof

The IRS is demanding $9,000 in taxes. I think I know what I did wrong. So… in March 2014, I made $22K non-deductible contribution to our IRAs and converted to Roth IRA accounts (married, filed jointly) . This was the first time I did the backdoor Roth, and figured $11K went to 2013 and $11K went to ...
by tphp99
Thu May 19, 2016 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Parents - your favorite and most challenging years
Replies: 71
Views: 8055

Re: Parents - your favorite and most challenging years

I will say that my kids were fun and easy to deal with from ages 0 to 23 years. It is after that when they had their own jobs and careers that I noticed they became irresponsible and difficult to deal with. Am I reading this right? Please explain. Oh, that's easy. Before my kids were age 23, I got ...
by tphp99
Thu Jan 14, 2016 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Saving for the future vs you only live once
Replies: 72
Views: 9309

Re: Saving for the future vs you only live once

I'm a diligent saver, ..... My wife and I make good money at our jobs. ....allow me to engage in luxuries I haven't seen the payoff from the magic of compound interest yet. We're still having to watch our pennies every month to make ends meet and random car repair bills are big hits to our budget ....
by tphp99
Sun Dec 06, 2015 10:03 am
Forum: Personal Finance (Not Investing)
Topic: A car nicer than the boss?
Replies: 257
Views: 25564

Re: A car nicer than the boss?

Common dilemma. Car person wanting to DD a cool car but don't want to be hated. The R8 and the Bentley GT will stand out. Is this a concern for you? If so, consider de-badging an RS5,6,7, S8 or S63/S65 coupe. These cars are somewhat nondescript enough to fly under the radar and people will not be aw...
by tphp99
Sun Nov 22, 2015 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Parents - your favorite and most challenging years
Replies: 71
Views: 8055

Re: Parents - your favorite and most challenging years

Favorite years: preschool. You have so much time with them.

Once school starts, the time you get to spend with them begins to wane.

Challenges are constantly changing as they grow. Not better or worse, just different.

Enjoy your time with them.

Good luck with your decision.
by tphp99
Sun Nov 22, 2015 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Parents - your favorite and most challenging years
Replies: 71
Views: 8055

Re: Parents - your favorite and most challenging years

livesoft wrote:I will say that my kids were fun and easy to deal with from ages 0 to 23 years. It is after that when they had their own jobs and careers that I noticed they became irresponsible and difficult to deal with.


Am I reading this right?

Please explain.
by tphp99
Thu Nov 19, 2015 4:42 am
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 32915

Re: High Earner Careers?

Interesting read thus far. When the Joker in Dark Knight said "I'm a dog chasing cars. I wouldn't know what to do with one if I caught it!" It dawned on me that's what a lot of successful people do. And why they find it difficult to retire even when they've made it. Do you really want to b...
by tphp99
Wed Oct 21, 2015 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Is Leasing a car not frugal but a good idea?
Replies: 104
Views: 13286

Re: Is Leasing a car not frugal but a good idea?

Is leasing a car not frugal but a good idea? Absolutely, if you can afford it. Would I have leased a car while in school? Heck no, I couldn't afford it. It would have been stupid of me. But now we lease our cars. Car expenditures are not going to affect my retirement date, so I view leasing as a no ...
by tphp99
Tue Oct 20, 2015 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is Leasing a car not frugal but a good idea?
Replies: 104
Views: 13286

Re: Is Leasing a car not frugal but a good idea?

Leasing a car is incredibly stupid, from a financial standpoint. Really? I heard Steve Jobs used to lease his Mercedes SL. I doubt that guy was financially stupid. Stretching the budget to drive a new car is questionable and maybe unwise, I'll agree. To OP, If you can afford a new car every three y...
by tphp99
Wed Oct 14, 2015 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Advice - Like my current job, considering management position.
Replies: 13
Views: 1548

Re: Advice - Like my current job, considering management position.

kjvmartin wrote: It's a union job.


Oh, I see now.
by tphp99
Wed Oct 14, 2015 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Advice - Like my current job, considering management position.
Replies: 13
Views: 1548

Re: Advice - Like my current job, considering management position.

kjvmartin wrote:Many of my coworkers work for decades without a thought trying to moving up. They are talented and well respected...


I have difficulty with that analysis.
by tphp99
Wed Sep 30, 2015 9:58 am
Forum: Personal Consumer Issues
Topic: Is Toyota going to be the next VW?
Replies: 29
Views: 3717

Re: Is Toyota going to be the next VW?

Consumer Reports notes that this is a problem for all newer cars. 0w20 weight oil is the new norm, and is very thin oil that increases gas mileage. Being thin, however, it lets more oil get past the rings and burn up in combustion (thus explaining some of the extra oil usage). Consumer Reports is s...
by tphp99
Sun Sep 13, 2015 4:58 am
Forum: Investing - Theory, News & General
Topic: When Do People Actually Claim Social Security?
Replies: 105
Views: 8202

Re: When Do People Actually Claim Social Security?

The problem is that if you have no retirement savings... The choice is not between one candy bar now or two candy bars later... My thought exactly. I see a lot of people living paycheck to paycheck with little or nothing saved. As for 1% that wait until 70, wonder if that has anything to do with th...
by tphp99
Sat Aug 01, 2015 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Careers: MD, Non-MD, MBA, Engineering, Law, Teaching
Replies: 96
Views: 10563

Re: Careers: MD, Non-MD, MBA, Engineering, Law, Teaching

This is a tough one. How to advise a young adult regarding career choices. I get asked all the time and I never know what to tell these kids. Follow your passion is a fallacy as I find most people are not all that passionate. I think the truly passionate folks are already doing it. The lucky ones ge...
by tphp99
Thu Jul 09, 2015 8:48 pm
Forum: Personal Consumer Issues
Topic: Convince me not to buy Porsche
Replies: 190
Views: 20323

Re: Convince me not to buy Porsche

DD the nice one, track the rat. This is great advice. You'll hate not driving your sports car everyday. The Cayman is a great choice, maybe swing for the GT4. Although, DD a two seater can get old real fast. Check out the Audi RS 5, another great naturally aspirated engine. Wait for the Ford Mustan...

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