Search found 281 matches

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: 7950

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: 169
Views: 11188

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: 66
Views: 5800

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: 66
Views: 5800

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: 26631

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: 88
Views: 8659

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: 88
Views: 8659

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: 1366

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: 1366

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: 3274

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: 6997

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: 9637

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: 16958

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...
by tphp99
Tue Jun 09, 2015 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Wife's car is having issues and under water :-/
Replies: 98
Views: 11466

Re: Wife's car is having issues and under water :-/

It might not be a big repair.

http://www.vwpartsvortex.com/vw-jetta-burning-oil/

How much oil is that car "leaking" per week? Try to figure out what might be wrong before taking it to the mechanic.

Good luck
by tphp99
Wed May 20, 2015 4:41 pm
Forum: Personal Consumer Issues
Topic: Questioning a Dentist?
Replies: 43
Views: 4348

Re: Questioning a Dentist?

Few years back, I had a serious case of tennis elbow. Two otho docs rec surgery right off the bat. The third doc told me to slow down at work and do occ therapy. Been pain free for a while without the surgery. Not to say I don't trust the first two docs, but I was sure glad I found the third guy. I ...
by tphp99
Wed May 20, 2015 5:20 am
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 256
Views: 36781

Re: much ado about coasting (through life)

This is a well worn story, but I think very appropriate here: An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented the Mexican on the qual...
by tphp99
Sat May 09, 2015 5:14 am
Forum: Investing - Theory, News & General
Topic: Stop contributions to retirement accts due to future RMDs
Replies: 77
Views: 6351

Re: Stop contributions to retirement accts due to future RMDs

PoeticalDeportment wrote:Back of the envelope...

So - yes, someone with $4-6 million in pretax savings might have a tax problem with RMDs.



What does that mean?
by tphp99
Thu Apr 23, 2015 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and splitting expenses
Replies: 112
Views: 9181

Re: Marriage and splitting expenses

We have a rule that solves the splitting expenses issues: "What is mine is hers and what is hers is hers." Love that. My wife likes to pay with cash, I hate standing in line to pay for anything and never carry cash. So... she pays for everything whenever we go out. And she gives the kids ...
by tphp99
Thu Apr 23, 2015 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and splitting expenses
Replies: 112
Views: 9181

Re: Marriage and splitting expenses

Sorry, don't have any helpful hints. We've always combined.

But anticipating some new perspective as some of our friends do this (long term) and we've always been curious to see how that works. Been too scared to ask them money questions.
by tphp99
Thu Apr 23, 2015 4:16 am
Forum: Personal Consumer Issues
Topic: [What is safest vehicle on the road today that I can buy?]
Replies: 114
Views: 9788

Re: [What is safest vehicle on the road today that I can buy

Not sure about anyone else but I drive differently in different cars. In my sports car, I drive ultra conservatively in traffic as I feel very vulnerable. Consequently, I daily drive my full size truck. I don't feel safe in it either (not much in safety add-ons, risk of rolling over, terrible stoppi...
by tphp99
Sun Apr 19, 2015 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6833

Re: My job says I can't work for anyone else...

I'm employed as a W2 with my current job as a doc. In the employment contract I signed it says I can't work for another company as a doc while I'm employed with them. I'm wondering, how enforceable is this? Can they fire me if I choose to pursue a side gig? I was offered a contract with a "no ...
by tphp99
Sun Apr 19, 2015 6:03 pm
Forum: Personal Consumer Issues
Topic: “Entry level” luxury cars under 40k
Replies: 99
Views: 11850

Re: “Entry level” luxury cars under 40k

Paying interest on a depreciating asset is a double no no.

Pay cash.
by tphp99
Sun Apr 19, 2015 6:45 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 181
Views: 24871

Re: Bernstein: "If you've won the game, stop playing."

I see winning the game as: you are so far ahead that you rest your starters and play your bench. Unlike in a game (say...basketball when you're 40 points ahead in the fourth), where you can surely plug in your starters if you see the game getting close again, can you go back to work in your retireme...
by tphp99
Sun Apr 19, 2015 6:20 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 181
Views: 24871

Re: Bernstein: "If you've won the game, stop playing."

I won the game a few years ago when I became financially independent. Now have my assets mostly in CDs or munis. Retiring this summer, therefore will stop playing "the game" and enjoy life Congrats and enjoy your "victory". Curious, what % inflation did you guess-timate moving f...
by tphp99
Sat Apr 18, 2015 7:49 pm
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 181
Views: 24871

Re: Bernstein: "If you've won the game, stop playing."

If you've won the game... by definition it's over.

How can you keep playing?
by tphp99
Sun Apr 12, 2015 6:11 am
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 18593

Re: The $1 Million Goal: Source of Motivation or Discouragem

$1M is just a number. Yes, it can be a double-edged sword. But is it out of touch? Perhaps it's only inappropriate for most. More importantly though, I feel the problem is the lack of a goal altogether. Saving $1M on the "average" salary is tough, so forget $1M, set a different number. But...
by tphp99
Sat Mar 21, 2015 6:15 am
Forum: Personal Consumer Issues
Topic: Whats a good Pistol to buy?
Replies: 112
Views: 10856

Re: Whats a good Pistol to buy?

Learn how to fire while under stress or duress. How does one learn this? Training and competitions. It's not the kind of thing a normal range will let you practice. Most don't even like you to draw from a holster . But you can take training focused on real life situations. You can also compete in p...
by tphp99
Tue Mar 17, 2015 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Got a promotion, but still need to discuss salary
Replies: 9
Views: 1539

Re: Got a promotion, but still need to discuss salary

What if they offer you way less than 20%? Would you decline the offer?
by tphp99
Sat Feb 21, 2015 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Should I Quit My Job
Replies: 46
Views: 7635

Re: Should I Quit My Job

Are you coming in as an enlisted member or will you be commissioned?

Don't enlist. Life in the military is WAY better as an officer.

Good luck with you decision.
by tphp99
Sat Jan 24, 2015 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth
Replies: 1
Views: 316

Backdoor Roth

I'm trying to get this info from the IRS publications, but have not been able to find it. "From a tax standpoint, this strategy works best if you don't have other traditional IRA assets, because otherwise part of the conversion would be subject to income tax." Vanguard, December 17, 2014 C...
by tphp99
Thu Jan 15, 2015 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1627

Re: Disability Insurance

I am talking with Guardian now for a new or additional policy. What's the highest benefits amount will I get if I truly am completely disable? I thought it was $15K per month.

Is there a formula to calculate the $10K, $15K or $17K?
by tphp99
Wed Jan 14, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1627

Re: Disability Insurance

This policy is with Principal, the group policy is junk - have not even looked at it to be honest. I'll keep the Principal policy but will add one that has a true occupation. You live and learn I guess. My CFP explained it like it was true occ and now I can see that it's not. Thanks for all the info.
by tphp99
Wed Jan 14, 2015 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1627

Re: Disability Insurance

Thanks for the responses. Yeah, I now realize my policy is garbage. My agent (former CFP guy) dropped the ball on this policy. I specifically told him that I wanted a policy that will pay ($15K per month) if I can't perform the one surgical procedure that I specialize in. I guess I can get a differe...
by tphp99
Tue Jan 13, 2015 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1627

Disability Insurance

My neighbor got sick and might have to stop working, he's only 43. So naturally, I reviewed my own policy and actually don't understand it. My individual DI policy says: Total Disability means solely due to Injury or Sickness: 1. During the first 12 months of Your Occupation Period: You are unable t...
by tphp99
Tue Jan 13, 2015 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 8630

Re: Poll - How much is enough / what's your number?

pacodelostigres wrote:Just over $2MM in 2014 dollars to retire in around 10 years in my late 40's. It would be a lot more than that to retire any sooner. If I wait to retire until full SS age, I only need about a quarter of that.


What is your initial withdraw rate?
by tphp99
Wed Jan 07, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to buy a home?
Replies: 48
Views: 4591

Re: Can we afford to buy a home?

What is your current rent vs the potential $1,300 mortgage? We have never bought a house with less than 20% down. We always plan on paying it off in less than 5 years. Owning a home drives up living expenses. Make sure to account for maintenance, even with new constructions. But if the Mrs wants it,...
by tphp99
Tue Jan 06, 2015 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 7499

Re: Cancel Homeowner's Insurance?

I'm also in FL and your rates seem very high.

My umbrella requires $300K liability on all properties.

While you might recover from losing the house, can you recover from a lawsuit?

No health insurance also?

Wow, you're brave.
by tphp99
Tue Jan 06, 2015 12:42 pm
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 7438

Re: Accepting counter-offer to stay at job

Don't consider the counter offer. Could you come back in a few years though if the new gig didn't work out?

You said you could retire early if the money was right. How far away from retirement?

Good luck.
by tphp99
Sat Dec 13, 2014 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: physician retirement plan. should I consider this?
Replies: 16
Views: 2335

Re: physician retirement plan. should I consider this?

It's like a unicorn. These "plans" to save/delay taxes are so elusive. More likely they end up costing a you a bunch of money. What if your tax rate in retirement end up being higher than they are now? I've finally given up looking and accepted that I'm going to pay a large amount of taxes...
by tphp99
Mon Nov 17, 2014 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: "Downgrading" to a Porsche
Replies: 39
Views: 7077

Re: "Downgrading" to a Porsche

Oh, you're title made me think you had a Ferrari. :oops:
by tphp99
Mon Nov 17, 2014 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: "Downgrading" to a Porsche
Replies: 39
Views: 7077

Re: "Downgrading" to a Porsche

I'm going to assume you are looking for a convertible that will handle better than the BMW 3. While the Boxster will do the trick, maintaining a Porsche is costly. Your alternatives: S2000, Lotus Elise, Corvette, Mustang. Though the last two may not handle better than the Porsche. Oh, if you can tur...
by tphp99
Thu Nov 13, 2014 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 57787

Re: If your networth is over $3 million, how did you do it?

Got an education. Started a business. Made good money. Spent a bunch of money. Decided to save like mad. Got to $3M by mid 40s. With what seems like enough, we've decided to accumulate a bit more. Maybe $10M might be the mark. Make hay when it's sunny? Luck has to be on your side. Eating fish heads ...
by tphp99
Thu Oct 30, 2014 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 10677

Re: fleeced by an adviser, is there a recourse?

We have nutrition labels on every food package sold in the U.S. Victoria Yet we have the worst obesity problem in the world. I doubt regulation will cure this problem. The answer is education. We/Bogleheads forget how much effort was spent to "learn" the simplicity of indexing. The majori...
by tphp99
Wed Oct 29, 2014 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 8555

Re: Do you dream about retirement?

I am about 4 to 5 years to reach my financial independence. I am obsessed with retirement calculators these days and run one or two of them almost daily, just to calm me down. I am day-dreaming about my retirement life. One thing bothering me most is to determine if I should spend or save more mone...
by tphp99
Thu Oct 23, 2014 8:17 am
Forum: Investing - Theory, News & General
Topic: Bogle and dry powder
Replies: 29
Views: 5530

Re: Bogle and dry powder

I didn't know Dr. Bogle coined the term dry powder. To me, the term meant keeping a cash reserve to invest when you see an opportunity. But that's market timing, no?
by tphp99
Mon Oct 20, 2014 9:48 am
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 14126

Re: "I've had it" at work - how often

mid 40s in medicine. "ive had it" occurs maybe every 3-4 months. But when it does, it lasts for about 2-3 weeks before I can shake the feeling off. Had one of those days last week. Still can't shake it. On other hand, how often is it 'i love this job'? never. will go another 10 yrs and ge...
by tphp99
Thu Oct 09, 2014 5:07 am
Forum: Investing - Theory, News & General
Topic: I'm Chuck and I work at Vanguard and Invest in Active Funds
Replies: 44
Views: 9149

Re: I'm Chuck and I work at Vanguard and Invest in Active Fu

Companies need to grow. Current management seeks to grow the business organically. They are not starting a hedge fund here.

Not everyone can be convinced to index.
by tphp99
Mon Oct 06, 2014 9:19 am
Forum: Personal Consumer Issues
Topic: Should I buy a condo on the GROUND FLOOR?
Replies: 50
Views: 7134

Re: Should I buy a condo on the GROUND FLOOR?

Thanks, all, for sharing your experiences or offering some advice. I normally prefer a top-floor corner unit for privacy and security reasons, but this ground-floor unit is in a very good area I otherwise can't afford, so I am considering it, but all these negative points give me a pause. Check HOA...
by tphp99
Sat Oct 04, 2014 11:04 am
Forum: Investing - Theory, News & General
Topic: What will you do during the next crash?
Replies: 63
Views: 5257

Re: What will you do during the next crash?

I didn't rebalance much during the last crash... I found it VERY hard to sell bonds and buy stocks... It was very easy to put all new money 100% into stocks, but I didn't want to sell our safety net bond funds. I agree. Money goes into buckets for me. The bond money, I don't want /can't afford to l...

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